UK activists have resumed their attack on the dairy industry.
The weakening New Zealand dollar coupled with exporter pressure to meet shipping requirements and limited supply continues to underpin the wool market, says NZWSI.
A wool industry leader is urging the Government to offer other agricultural sectors the same level of support it gives to dairy.
Continued shipping pressure for China kept finer crossbreds firm at the latest wool auction however coarse wools eased as volumes available increased, says Paul Steel of NZWSI.
Introducing overseas sheep to New Zealand’s flock has changed the nature of the wool produced here, says Hawkes Bay wool broker Philippa Wright.
The North Island wool auction this week remained mostly firm except for the higher volume of shorter shears, which eased, compared to last week.
Initiative are underway in New Zealand and overseas to highlight the benefits of wool and to increase its use in buildings and homes.
New Zealand strong wool, renowned for its use in carpets, is set to become world famous for a new use – on people's feet.