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 7000 bales of South Island wools on offer this week saw a slightly easier market overall with an 82% clearance, reports NZ Wool Services International Ltd's general manager, John Dawson.
The weighted indicator for the main trading currencies lifted 0.21% to the downward pressure on local prices.
Dawson reports the northern European summer break and continuing pressure on China's internal economic situation is limiting the market at present as exporters cover for immediate shipment commitments only.
The fine and coarse end of the mid micron wools were firm to 2.5% dearer, with only the 26.5 to 27.5 types 1 to 3.5% cheaper. Fine crossbred full fleece were firm to 3% cheaper with shorter types firm to 2% easier.
Coarse crossbred full fleece and longer shears eased by 1% with the shorter types coming back 2 to 4%. A nominal offering of first lambs were firm to 4% cheaper.
Limited competition was spread mainly between China, Australasia and the Middle East with support from Western Europe, India and the United Kingdom.
The next sale on August 8 comprises about 5400 bales from the South Island.
South Waikato farm manager Ben Purua’s amazing transformation from gang life to milking cows was rewarded with the Ahuwhenua Young Maori Farmer award last night.
Bankers have been making record profits in the last few years, but those aren’t the only records they’ve been breaking, says Federated Farmers vice president Richard McIntyre.
The 2023-24 season has been a roller coaster ride for Waikato dairy farmers, according to Federated Farmers dairy section chair, Mathew Zonderop.
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.