Wool campaign making strides
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
The North and South Island Wool auction comprising 26,000 bales saw a firm to dearer market with a 90.3% clearance, New Zealand Wool Services International Ltd's marketing executive, Malcolm Ching says.
The weighted indicator for the main trading currencies compared to the last sale on March 1 dropped by 1.86 %, underpinning prices for one of the season's largest single day offerings.
Ching advises Fine Crossbred Fleece and Shears ranged from firm to 5% dearer, supported by steady Chinese interest.
Coarse Crossbred Fleece was 1 to 3% stronger with Coarse Shears firm to 3% dearer. First Lambs were firm to 2% dearer, except some of the shorter types in the South Island which eased up to 1%. Oddments ranged from firm to 4% stronger.
Good competition was reported with China, Australasia and Middle East principal buyers, supported by Western Europe, United Kingdom and India.
The next sale on March 15 comprises about 7300 bales from the South Island.
'A lot of interest and positive responses' appears to be the way farmers are viewing the Government's initiative to hold a series of woolshed meetings around the country.
A Southland farming leader wants the regional council to delay a proposed regional rates hike, much of which is intended to fund flood protection works.
Rural Women New Zealand (RWNZ) says access to personal banking services in rural communities is fundamental to promoting outcomes that benefit Kiwi consumers.
A group set up to boost education and promotion of wool says it has made positive strides during the first year of its three-year strategy.
Meat processor ANZCO Foods says despite a challenging business environment, it has posted a net profit before tax of $61 million for 2023.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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