Archive for December, 2009

NZ Wool Sector: Axing of levy could drive up shearing costs

Farmers are likely to end up paying more for shearing as result of their decision earlier in the year to cull the wool levy, possibly wiping out any potential savings farmers believed they would make. The warning comes from Ag ITO CEO Kevin Bryant who is working alongside Meat and Wool NZ and others in […]

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NZ Wool Industry: Cost of cutting surplus scouring capacity highlighted

The wool industry may have taken a battering in recent years but leading exporter Wool Services International (WSI) is predicting brighter times ahead. MD Michael Dwyer says “going on recent events there is definitely a recovery occurring in the wool industry and this will impact favourably on WSI both in scour processing and trading.” He […]

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NZ Dairy Sector: Forward prices at Fonterra milk powder sale

Milk powder prices have climbed for a fifth straight month, reaching a 15-month high in December. The last sale for 2009 caps a remarkable second-half rally which has lifted the price of powder sold through globalDairyTrade by 95% from its lows in July. But participants in the auctions are starting to signal a leveling off […]

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