QUEENSLAND COUNTRY LIFE – by Karen Bailey – “IT’S been less that a month since the Eastern Market Indicator took the wool industry by surprise and skyrocketed to a new record of 1689 cents a kilogram.
But it appear it had not finished this record breaking run, as on Thursday last week that record was broken with the EMI hitting 1699c/kg.”
SHEEP CENTRAL – “LAMB, sheep and wool prices are expected to rise in 2017-18, driven by strong demand and flock rebuilding, the national commodity commodity forecaster ABARES said today.”
THE WEEKLY TIMES – AAP – “AUSTRALIA’s farm production value is tipped to reach $59 billion for 2017-18 — a drop of 7 per cent.
Poor weather conditions in grain-growing regions, leading to lower crop production, is to blame, according to the Australian Bureau of Agricultural and Resource Economics and Sciences latest forecast, released today.”
FARM WEEKLY – by Mal Gill – “SPECIALTY superfine wools featured predominantly in record prices achieved at the Western Wool Centre (WWC) last month.
On six of the 10 trading days wools as fine as 14.2 micron and up to 17.2 micron sold for 1800 cents a kilogram greasy or more.
At that price a 180kg bale of greasy wool is worth at least $3330.”
FARM WEEKLY – by Aidan Smith – “THE WA sheep industry hasn’t failed – it’s refocused.
That is the view of Livestock Dynamics director Kimbal Curtis who was in Perth recently for the annual LIVEXchange conference at Crown Towers, and was talking about WA flock numbers dropping from 40 million head to 14m head since the 1980s.”
NZ FARMER – Rural Reporters – “Crossbred wool prices mostly eased with a major exception at the Christchurch wool sale last week.
The exception was a limited offering of lamb’s wool finer than 30 microns, attracting active bidding and dearer by up to 8 per cent dearer from the last sale on November 30.
The Christchurch auction coincided with the Napier sale on the same day and a total of 17,000 bales placed large volumes on the market. The offerings included older season’s wool.”
SHEEP CENTRAL – “ONLINE sheep and lamb offerings remained strong last week, with AuctionsPlus cataloguing 119,785 head, 1708 more than the previous week.”
SHEEP CENTRAL – “AUSTRALIAN ultrafine Merino wool producer Pyrenees Park has won Italian processor Loro Piana’s Record Bale award for the fourth consecutive year with a 10.4 micron entry.”
NZ HERALD – by Sally Rae – ” Think of the Armidale farming operation in the Maniototo and the word “quality” springs to mind.
It is a family operation in every sense of the word and the Paterson family is justifiably proud of what they have achieved. Young Hugo (5) and Bede (3) Paterson — already keen farmers — are the sixth generation on the Gimmerburn property.”
NORTH QUEENSLAND REGISTER – by Bruce McLeish, Elders northern wool manager – “THERE was no doubt in anyone’s mind this week about the direction of the wool market. While it is relatively restrained and not performing like the Bitcoin market the wool market shrugged off the previous week’s indecision and every micron category moved up.”