SCOOP INDEPENDENT NEWS – Press Release: New Zealand Wool Services International – “New Zealand Wool Services International Ltds C.E.O Mr John Dawson reports that the South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78 percent of the offering selling.”
SHEEP CENTRAL – “AUSTRALIA’S latest tri-annual wool and sheepmeat survey is now open for producers to complete online.”
SHEEP CENTRAL – “THE Merino Lifetime Productivity (MLP) project is now taking nominations for the 2017 joining, which now includes a fifth site – Macquarie at Trangie in New South Wales.”
THE NORTHLAND AGE – by Simon Hartley – “The stubborn strength of the NZ dollar could be the major hurdle for the agriculture sector in the months ahead, as positive signs for dairying, sheepmeat and wine take shape.
Rabobank’s agribusiness monthly report for September outlines positives for some sectors, but cautions that Chinese demand for coarse wool, US beef imports and sectors exposed to the kiwi are still facing constraints.”
FARM WEEKLY – by Linda Sharman – “BOTH regular and new buyers came out in support of the first combined Boorabbin Merino and Te Rakau Texel ram sale at Wannamal last week.
Boorabbin stud principals Iain and Lucy Nicholson invited Rob and Maria Wood’s Te Rakua Texel stud, Bindi-Bindi, to their on-property sale complex after the couple were left without a venue following the end of the Moora ram sale.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “FOOTROT, flystrike and worms are the three big animal health concerns in spring’s extremely wet start.
Livestock Logic veterinarian Andrew Whale said footrot, foot abscess and flies would be major issues in the next four to six weeks, and the worm burden would be much higher in the new year.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “HIGHER wool prices this year will make up for lower yields because of recent poor seasons for Neil and Briony Robertson.
Running Merino and first-cross ewes on Gledfield at Rossbridge, the couple and their three daughters sold this year’s clip of 90 bales, averaging 19.5 micron, at the Australian Wool Exchange in Melbourne recently.”
FX STREET – by Ross J Burland – “Analysts at ANZ explained that the ANZ Commodity Price Index rose 5.1% m/m in September (+11% y/y) and said that this was the fifth lift in a row, with the index now at a 17- month high…”
LAWYERS WEEKLY – by Emma Ryan – ”
Two firms have advised on a transaction which saw a large Australian network acquire a Geelong-based wool manufacturer and retailer. Firms: DibbsBarker (Australian Wool Network); Sladen Legal (Hedrena Textiles) Deal: Australian Wool Network has acquired Hedrena Textiles. Value: Undisclosed Area: M&A, property, employment
Key players: The team advising Australian Wool Network was led by DibbsBarker corporate and commercial partner Paul Schmidt-Uili (pictured), with assistance from senior associate Simone Collignon and associate Jennifer Bruns.”
NORTH QUEENSLAND REGISTER – by Annabelle Cleeland – “ECORD prices paid for breeding ewes have been repeatedly smashed this spring as phenomenal inquiry for breeding ewes soars to a new height of $456.”