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 local market lifted significantly for the 10,400 bales on offer at the South Island sale this week, NZ Wool Services International Ltd's general manager, John Dawson says.
The weakening NZ dollar, particularly against the US dollar which was down 4.97% compared to the last sale on May 9 and the weighted currency indicator down 3.91% was the principal market influence. This was supported by recent strong purchasing interest and a seasonal limited wool supply.
Dawson says a nominal offering of mid micron fleece were firm to 3% dearer.Fine crossbred fleece lifted up to 3.5% with the second shears 5 to 8% stronger. Good colour coarse crossbred fleece lifted 6% with poorer styles 2.5 to 5.5% dearer.
Coarse longer second shears were 4 to 6.5% firmer with shorter types 5 to 9% stronger. First lambs fleece ranged from 3 to 7% dearer. All coarse oddments were 9 to 10% stronger.Strong competition from Western Europe, Australasia and the United Kingdom was supported by China, India and the Middle East.
The next sale on the May 30 comprises 11,300 bales from the North 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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