increase font size
The weakening New Zealand dollar coupled with exporter pressure to meet shipping requirements and limited supply continues to underpin the wool market, says NZWSI.
Marketing executive Paul Steel says that the weighted indicator for the main trading currencies came down 2.14% compared to the last sale on 28th May.
Of the 6,876 bales on offer, 94% sold.
Steel advises that resurgent interest from China saw Mid Micron fleece 24.5 to 31.5 micron increase 6 to 12% with Fine Crossbred Fleece 33 to 35 micron 1.5 to 5% dearer against the last time offered on 21st May.
Compared to last week's North Island offering on the 28th May, Fine Crossbred Shears were 2 to 6% stronger. Good colour Coarse Crossbred Fleece were up to 1.5% firmer, average style eased slightly with poor colour firm.
Coarse Shears were firm to 3% dearer.
First Lambs Fleece received very strong support, lifting 6 to 8%.
Long Oddments were nominally 3% cheaper with good colour short oddments 6 % dearer and poor colour 2 to 3% firmer.
Competition was well spread with China dominating, supported by Australasia, Middle East and Western Europe.
The next sale is due on 11th June and comprises approximately 9,100 bales from the North Island.
However, due to insufficient wool coming forward and no stock wools on hand in brokers stores, the rostered South Island sale on 18th June has been cancelled.
While wool returns continue in the doldrums, smart sheep farmers are looking for alternatives for a product that currently cost more to get off a sheep's back than it's worth. One such initiative is run by husband and wife team Hayden and Anastasia Tristram who farm at Wanstead in the Central Hawke's Bay. Mark Daniel reports.
New research has provided insight into the functional potential of wool-derived protein, with an initial trial revealing it can influence how the body responds to insulin.
South Canterbury farmer Angela Blair has delivered a petition to Parliament calling on the Government to reverse its decision to fit rural schools with synthetic carpet.
Thousands of students could benefit from a new initiative designed to simplify schools’ access to New Zealand wool carpets for their classrooms.
Wool carpet maker Bremworth's Napier plant remains offline following Cyclone Gabrielle in February, with the future of 136 workers still up in the air.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Trade Minister Todd McClay says New Zealand has no intention of backing down in a trade dispute with Canada over dairy products.
There have been leadership changes at the Hamilton-based Dairy Goat Co-operative, which has been struggling financially in recent years.