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.
This week's offering of 10,500 bales from the South Island saw a generally weaker market with 55% of the offering sold, says New Zealand Wool Services International Ltd's general manager, John Dawson.
The weighted indicator for the main trading currencies was unchanged having minimal impact.
Dawson advises with nearly 50% of the offering comprising long pre lamb shorn fleece and coarse shears at a time when the Western European markets are on annual vacation and others are reticent to buy, this week's lower levels come as little surprise.
Compared to the last time sold in the South Island sale on June 28, the mid micron fleece finer than 28 microns resisted the trend, remaining firm to 4% dearer. A total 28.5 to 30.5 micron were firm to 1.5% cheaper.
Compared to the last sale on July 12, fine crossbred fleece and early shorn 33 to 35 micron were 3.5 to 5.5% softer.
Coarse crossbred fleece and early shorn wools were 5 to 8% weaker with limited competition. Coarse second shears 3/4 inches and shorter were generally firm to easier.
First lambs 30.5 micron and finer were firm to 1% cheaper with coarser types 1 to 4% cheaper.
Combing oddments were up to 5% weaker with clothing types firm to 3% easier.
Competition was restricted with targeted buying against immediate shipping requirements. No individual markets dominated this week's auction.
The next sale on July 26 comprises about 8300 bales from the North Island and 6700 bales from the South Island.
Ministry for Primary Industries (MPI) director general Ray Smith says job cuts announced this morning will not impact the way the Ministry is organised or merge business units.
Scales Corporation is acquiring a number of orchard assets from Bostock Group.
Family and solidarity shone through at the 75 years of Ferdon sale in Otorohanga last month.
The Ministry for Primary Industries (MPI) has informed staff it will cut 391 jobs following a consultation period.
New Zealand farmers are committed to making their businesses more resilient to climate change and are embracing innovation to help them do so.
Atiamuri farmers Paul and Lesley Grey never gave up their dream of owning their own farm – and in 2020, that dream came true.
OPINION: This old mutt well remembers the wailing, whining and gnashing of teeth by former West Coast MP and Labour…
OPINION: Your canine crusader gets a little fed up with the some in media, union hacks, opposition politicians and hard-core…