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.
A slightly weaker NZ dollar, restricted wool supply and recent dearer wool markets in other countries aided the lift for most types at this weeks' South Island auction, says WSI's marketing executive, Paul Steel.
Of the 8,340 bales on offer, 83% sold. The weighted currency indicator was 0.46%t down on last sale of May 2 but started the day below this level, strengthening as the sale progressed.
Steel advises although Mid Micron Fleece was up to 4% dearer compared to a nominal offering at the last South Island sale the indicator is down significantly due to consistently weakening prices for these types in other markets over previous weeks.
Fine Crossbred Fleece and Shears 3 to 4 inches and longer were 3 to 5% dearer with shorter types making a significant recovery of 5 to 8% after last weeks' weakness in this area.
Coarse Crossbred Fleece and Shears were 2.5 to 5.5% stronger.
Finer First Lambs and longer Coarse Lambs Fleece were 2% dearer with Coarser Short Lambs 2 percent easier.
Long Oddments remained fully firm with Short Oddments 3 to 6% dearer.
Well spread competition with China, Western Europe and United Kingdom principals supported by India, Middle East and Australasia.
The rostered North Island sale on May 16 has been cancelled due to insufficient wool. The next sale is in the South Island on May 23 comprising about 7,300 bales.
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.
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