THE ADVERTISER – by Belinda Willis – “ELDERS is flagging resuming its dividend payments after good summer crops along with record livestock and wool prices helped the agribusiness lift its first-half profit by 56 per cent. The company reported a net profit for the six months to March 31 of $38.3 million compared to $24.6 million in the previous year.”
OTAGO DAILY TIMES – “New Zealand Merino Company staff prepared fleeces for testing and judging in the New Zealand Wool Testing Authority-Otago Merino Association Child Cancer Fleece competition, and Hamish Syme, of Chargeurs Wool (NZ) Ltd, judged the entries.”
“New Zealand’s wool market continued to trade at weak levels at the latest auction. NZ wool auction prices continue to lag behind last year’s levels
At the latest North Island auction yesterday, 37-micron wool fell 15 cents per kilogram to $3.65/kg compared with both the previous North Island auction a fortnight ago and the South Island auction last week, AgriHQ said. Prices for the fibre are 36 percent below year earlier levels, AgriHQ said.”
QUEENSLAND COUNTRY LIFE – by Andrew Marshall – “Profits jumped 56 per cent to $38.3 million for farm services business Elders Limited in the first half of 2016-17 as the company makes steady progress to an expected full-year profit about the $60m mark.
The statutory net profit after tax compares with a $24.6m result for the same period to March 31 last year.”
NZ FARMER – by Pat Deavoll – “Corriedale breeders are being pointed to lost opportunities where the hardy sheep breed would thrive.
PGG Wrightson wool representative Peter McCusker told a group of the breed’s enthusiasts gathered in the Marble Point woolshed near Culverden that breeders should be taking a vested interest in opportunities to increase their numbers further south.”
STUFF BUSINESS DAY – by Anuja Nadkarni – “A Kiwi wool company has been exporting to Japan for over 20 years, a market often considered difficult to enter for exporters.
New Zealand Merino general manager Mike Hargadon said the key to sustaining a long term relationship in Japan was to evolve branding to remain relevant.
Hargadon said the company was able to change its branding in 2007 when it established its sustainable brand ZQ.
“We introduced ourselves using the New Zealand clean, green image as this resonated with that market, but the continuing challenge for us is to keep evolving our brand alongside New Zealand’s image,” Hargadon said.”
FIBRE2FASHION – “After a reasonably solid start to the selling week ending May 12, at Australian wool auctions, the last day saw that positive tone evaporate and the prices started to wane. The AWEX eastern market indicator (EMI) actually gained 5ac on the first day of selling, but lost 15ac on the last day to see a net retraction of 10ac/clean kg for the week.
The EMI closed at 1534ac clean kg. As a positive for local sellers, the USD EMI dropped off 16usc, aided mostly by forex rates, to 1128usc/clean kg which may help attract some overseas buyers back to the prompt market, the Australian Wool Innovation said in its ‘Wool Market’ weekly report for the 45th sale week of the year.”
SHEEP CENTRAL – by Terry Sim – “AUSTRALIA’S first wool-growing properties have been certified under the international sheep and wool welfare program, the Responsible Wool Standard. The first property to gain farm certification under the standard is the north-east Victorian operation Avington at Sidonia, owned by Noel and Lyndsay Henderson.”
SHEEP CENTRAL – by Terry Sim – “UP to $35 million will be invested over five years in a new Australian animal welfare partnership that will target ground-breaking research into aversive practices such as branding, dehorning, and castration.”
SHEEP CENTRAL – “VICTORIA’S Minister for Agriculture Jaala Pulford has tagged some of the first Autumn lambs of the season to highlight the mandatory use of electronic ear tags in all 2017-drop lambs and goat kids in the state.”