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.
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.
World Veterinary Day falls on Saturday 27 April.
The Director General of MPI, Ray Smith says it's important for his department to celebrate the success of a whole range of groups and people around the country.
A small company which mobilised veterinarians around the country to deal with Mycoplasma bovis was one of the winners in this year's Biosecurity Awards, held at Parliament.
One of the country's top Māori sheep and beef farms is facing a five-year battle to get back to where it was before Cyclone Gabrielle struck just over 14 months ago.