THE WEEKLY TIMES – by Jamie-Lee Oldfield – “AN EXTRA 14,000 bales on offer pushed wool prices lower this week, as did a firming Australian dollar.
Southern indicators lost gains from the previous week, with the Eastern Market Indicator settling at 1507c/kg, down 26c/kg for the week, but very close to levels of two weeks ago.
But the EMI still recorded the highest average on record for the 2016-17 year.”
THE WEEKLY TIMES – by Jamie-Lee Oldfield – “MULESING is likely to restrict Australia’s international trade in the future.
And the sheep industry leaves itself open to anti-meat campaigns if they do not address the issue.
That was the message from industry leaders to producers at the Best Wool Best Lamb conference held at Bendigo last week.
National Council of Wool Selling Brokers of Australia chief executive Chris Wilcox said mulesing was “clearly a negative”.
THE WEEKLY TIMES – by Peter Hemphill – “EXPORT commodity prices are bucking against a high Australian dollar.
With the currency stubbornly sitting just shy of US77c, other global factors are keeping wheat, canola and beef prices at relatively high levels.
Last August, bank analysts were predicting the Australian dollar to slip below US70c for much of the year.
… NAB said a lower Australian dollar was expected to boost local wool prices. “
NZ FARMER – by Gerard Hutching – “Many farmers are not covering the costs of shearing sheep after what a wool broker has described as the worst season for 50 years.
In the last 12 months prices for crossbreed fleeces have tumbled from $4 per kilogram to $2, and a lot of wool is not being sold. Peter Tate of Fred Tate Wools in Napier said perhaps a third of the season’s production – 200-300,000 bales – was unsold.”
BUSINESS STANDARD – by Vinay Umarji – Ahmedabad – “Plans to imbibe Australia’s Merino wool in clusters to raise imports… Australian textile major The Woolmark Company is eyeing an entry into the domestic handloom and weaving clusters of two states- Gujarat and Manipur- to increase the import of its premium Merino wool into India.”
EYRE PENINSULA TRIBUNE – “Careers in agriculture was the key talking point as Cleve Area School students visited Quality Wool and Livestock Group’s head office.
Nine year 10 students interested in an agricultural career visited the office on June 20, taking part in a tour.”
THE MURRAY VALLEY STANDARD – by Peri Strathearn – “The key issues presently facing the wool and livestock industries were on the agenda as local producers gathered in Karoonda last week for a function hosted by the Quality Wool and Livestock Group.
More than 75 guests attended the evening at the Karoonda Football and Netball Club on Wednesday, June 28.”
INTEREST.CO.NZ – Posted in Rural News by Tony Chaston – ” … WOOL
The 2016/17 wool season has ended, but the problems for wool have not, as merchants and brokers report big stocks of unsold wool both in warehouses and farmers woolsheds.
Predictions are it will be a while before prices rise again as China needs to get rid of their yarn stocks and then the stockpile needs to be managed onto the market.”
WEST COAST SENTINEL – “The Daniell family’s White River merino and poll merino studs based at Poochera and Minnipa, had a major triumph at last weekend’s Hay Sheep Show, repeating last year’s outstanding success.
They won the main class at this now major merino show where more than 400 sheep entered by major studs and commercial producers from three states were lined up for competition.”
ABC NEWS – by Jeremy Story Carter for ‘Books and Arts’ – “It was 1951 and Australia’s economy was riding on the sheep’s back — the dawn of the Rolls Royce decade of wool, as it came to be known.
A young international photographer found himself deep in northern New South Wales on Burren Burren station. Francis Reiss was supposed to be learning about the wool trade. Instead, he ended up documenting an enduring archive of agricultural Australia.”