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 WOOL SALE held in the South Island today (Thursday) comprised 10,334 bales of which 7, 587 reached market reserves or above, New Zealand Wool Services International Limited's general manager, John Dawson reports.
The weighted indicator for the main currencies was up 2.09% and 73.5% of the offering sold.
Increased demand coupled with continued grower resistance to further declining prices saw price levels resist the strong New Zealand dollar.
Compared to the North Island sale on May 31, 2012 Coarse Crossbred Fleece and Early Shorn types 3 to 5 inch and longer were 5% dearer. Coarse Crossbred Second Shears 2 to 4 inch and 3 to 4 inch were 4 % dearer. First Lambs were 1% dearer. Crossbred Oddments were 2% dearer.
A good spread of buyers was active including China, India, Western Europe and Australasia with support from United Kingdom and Middle East.
Compared to the last South Island sale on the May 24 prices were generally firm to buyers favour.
The next sale on June 14, 2012 comprises approximately 12,500 bales of North Island wool.
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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