Furniture company out to help lift wool prices
New Zealand's strong wool sector is in the doldrums, with record low prices and little hope on the horizon.
A weaker New Zealand dollar, limited wool volumes and renewed client interest, combined to lift local prices across the board says NZWSI general manager, John Dawson.
Of the 6,350 bales on offer, 99% sold.
The weighted indicator for the main trading currencies was down 1.79% compared to the last sale on April 30.
Fine crossbred full fleece and longer shears were 7 to 10% dearer, stimulated by resurgent Chinese interest with shorter types 3 to 6% firmer.
Coarse crossbred full fleece and longer shears were 5 to 11% dearer with shorter types 4 to 8% stronger.
Lambs fleece lifted 4 to 6%. Good colour short oddments were 8% dearer with poorer styles up 8 to 12%.
The sale saw limited competition with China dominating supported by Australasia, Middle East, India and Western Europe.
The next sale is on May 14 and comprises about 4,600 bales from the North Island, down 32% on anticipated rostered volumes.
Shipping disruption caused by Houthi rebels in the Red Sea has so far not impacted fertiliser prices or supply on farm.
The opportunity to spend more time on farm while providing a dedicated service for shareholders attracted new environmental manager Ben Howden to work for Waimakariri Irrigation Limited (WIL).
Federated Farmers claims that the Otago Regional Council is charging ahead unnecessarily with piling more regulation on rural communities.
Dairy sheep and goat farmers are being told to reduce milk supply as processors face a slump in global demand for their products.
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