A big win for wool!
State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.
The 7250 bales of North Island wool on offer saw a 72% clearance with most types easing further.
NZ Wool Services International Ltd’s marketing executive Malcolm Ching reports that some good colour types resisted this trend as buyers continue very focused buying with targeted better style wools getting more support.
The weighted indicator for the main trading currencies was 0.64% lower than last week’s sale, having minimal positive impact.
Ching advises that subdued demand and continued uncertainty around new market interest in coming weeks, is restricting buying activity.
Compared to the last similar North Island selection on November 10: Good colour fine crossbred fleece were 1 to 2% dearer with average/poor styles 3 to 7% cheaper. Good colour fine crossbred shears 3 / 5 and 3 / 4 inches were 2.5 to 5.5%t easier with 2 / 4 and 2 / 3 inches firm to 5% dearer. All poorer style fine crossbred shears were 3.5 to 7% cheaper.
Good colour coarse crossbred fleece were firm with poorer styles 7 to 8% cheaper. Coarse shears 3 / 5 to 2 / 4 inches were 1 to 5% cheaper with 2 / 3 inches 1.5% dearer.
Short oddments ranged from 7 to 13% cheaper.
Competition was limited with Australasia, Western Europe and China principals, supported by Middle East, India and the United Kingdom.
Next sale on December 1 comprises about 4550 bales from the South Island.
Federated Farmers president Wayne Langford says the 2025 Fieldays has been one of more positive he has attended.
A fundraiser dinner held in conjunction with Fieldays raised over $300,000 for the Rural Support Trust.
Recent results from its 2024 financial year has seen global farm machinery player John Deere record a significant slump in the profits of its agricultural division over the last year, with a 64% drop in the last quarter of the year, compared to that of 2023.
An agribusiness, helping to turn a long-standing animal welfare and waste issue into a high-value protein stream for the dairy and red meat sector, has picked up a top innovation award at Fieldays.
The Fieldays Innovation Award winners have been announced with Auckland’s Ruminant Biotech taking out the Prototype Award.
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).
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