increase font size
Comparative market reporting based on the radically disparate volumes and types on offer between alternate weeks offerings of North and South Island wools is becoming increasingly difficult, says New Zealand Wool Services International Ltd's general manager, John Dawson.
There are wide price ranges between the selling centres, he says
Compared to the last sale on June 14 the weighted indicator for the main trading currencies is up 2.29% accounting for most of the softer market week last week with 65% of the offering selling.
Dawson reports that last week's South Island offering compared to the week before's North Island sale was generally firm to 4% easier. Longer Fine Crossbred Shears were firm to 3% softer with the shorter types resisting the trends and firming up to 4%.
Coarse Crossbred Fleece was also firm to 4% down. Coarse Shears 2/4 and longer ranged from 2 to 5% easier with the shorter types 1.5% dearer.
First Lambs were 2 to 5% down. Coarse Oddments were 3 to 4% cheaper.
When compared to the previous South Island offering on June 7, levels range from firm to 6% cheaper, however the price wool is trading at internationally is relative to the North Island market movement and currency impact.
Limited competition with China, United Kingdom and Western Europe principals, supported by India, Middle East and Australasia.
Next sale on June 28 comprises about 13,600 bales from the North Island and 6,200 bales from the South Island.
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.
The country’s 4200 commercial fruit and vegetable growers will vote from May 14 on a new HortNZ levy.
Meat processor Alliance Group is asking farmer shareholders to inject more capital in order to remain a 100% co-operative.
A vet is calling for all animals to be vaccinated against a new strain of leptospirosis (lepto) discovered on New Zealand dairy farms in recent years.
Dairy
Rural banker Rabobank is partnering with Food Rescue Kitchen on a new TV series which airs this weekend that aims to shine a light on the real and growing issues of food waste, food poverty and social isolation in New Zealand.
Telco infrastructure provider Chorus says that it believes all Kiwis – particularly those in the rural areas – need access to high-speed, reliable broadband.
OPINION: The new government has clearly signalled big cuts across the public service.
OPINION: Your canine crusader is not surprised by the recent news that New Zealand plant-based ‘fake meat’ business is in…
