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.
CONCERNS OVER Europe’s economy has hit wool consumer and processor confidence, making many buyers stand out of the market, says Wool Services International.
That resulted in an average 4% easing in prices at yesterday’s (December 8) auction. With sellers reluctant to accept lower market levels 31% was passed in.
Currency played little part, the weighted indicator for the main trading currencies being just 0.14% up since last week’s auction.
WSI says fine crossbred full fleece as well as 3/5 and 3/4 inch shears were 3 to 4% softer with the shorter types discounted by 5 to 8%.
Coarse crossbred fleece was 3.5 to 5% easier with longer shears 3 to 6% cheaper and 2/4 and 2/3 inch shears 6 to 7% weaker.
Coarse combing oddments ranged from 5 to 8% cheaper. Clothing oddments 2/4 inch resisted the trend and increased by 1%, but shorter types were up to 4% softer.
China and Australasia dominated the buying.
The next sale, December 15, comprises approximately 6,600 bales from the North Island and 6,900 bales from the South Island, which is 9,000 bales less than the anticipated rostered quantities.
One of Fonterra’s global customers, Mars is launching an ambitious sustainable dairy plan to work with dairy farmers and cut emissions by 50%.
Beef + Lamb New Zealand chief executive for the past eight years, Sam McIvor is heading for new pastures at Ospri, which runs NZ’s integrated animal disease management and traceability service.
The world's largest wool scouring facility, WoolWorks Awatoto plant in Napier, is back operating at full capacity.
A year on and the problems created by Cyclones Hale and Gabrielle has largely dropped off the radar of media and politicians.
Feeling forgotten and in a fragile space financially and mentally.
Horticulture NZ chief executive Nadine Tunley will step down in August.