THE RURAL – by Nikki Reynolds – “JUST when it seems that wool prices can’t go any higher the Eastern Market Indicator rockets ahead by 45c/kg.
Traditionally the wool market has been a fickle one. In fact, some producers have even exited the industry.
But with the Australian Wool Exchange (AWEX) Eastern Market Indicator (EMI) currently at a historic high of 1681c/kg things have never looked better.”
NZ FARMER – by Sam Kilmister – “Seeing 1000 sheep making a 500-metre dash through the main street of Feilding will be a familiar sight for three more years.
The Running of the Wools made its Feilding debut this year when The Hilux Rural Games shifted to Manawatū for the first time in the event’s history. “
PERTH NOW – SUNDAY TIMES – by Trevor Chappell, AAP – “Agribusiness Ruralco has made a record annual profit partly because Australia does not have enough sheep.
Ruralco’s rural supplies business benefited from fairly good rainfall in Tasmania, Victoria, South Australia and southern NSW as farmers bought more crop inputs such as fertiliser and weed killer.”
THE WEEKLY TIMES – by Peter Hemphill – “RURALCO Holdings has reported a record earnings in a year where its core businesses grew by 42 per cent and the company tightened its belt.”
SHEEP CENTRAL – “Ruralco Holdings has today announced record second half and full year earnings for the 12 months to September 30, 2017, headlined by a 95 percent rise in net profit after tax to $26.2 million.”
FARM WEEKLY – by Aidan Smith – “THE Heiniger Australia story was the topic of discussion at the Agribusiness Australia Breakfast at the Duxton Hotel in Perth recently.
Heiniger Australia managing director Gary Lyons presented an overview of the history of the 71-year-old, Switzerland-based company, its role in the shearing industry and how it developed its technology and business strategy to meet the changing market place.”
FARM WEEKLY – by Mal Gill – “WILL more wool price records be set this week?
That is the question wool buyers and sellers are asking after a strong fortnight of sales at the Western Wool Centre (WWC).
The Western Indicator (WI), calculated from prices across the micron range, ended last week just six cents shy of its August 17 all-time record of 1680c a kilogram clean. “
SUNRAYSIA DAILY – “A NEW online hub, new website and the launch of the new Android app highlight the latest opportunities for the popular Lifetime Ewe Management course (LTEM).”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “THE wool price forecast has risen further for 2017-18.
Australian Bureau of Agricultural and Resource Economics and Sciences’ latest quarterly update predicts the Eastern Market Indicator will average 1550c/kg — a rise of 10 per cent.”
SHEEP CENTRAL – “STRONG cattle and sheep prices and an expanded business network helped Elders Limited to almost double its net profit in the 2017 financial year, the publicly-listed agribusiness announced this morning.”