Saibosi partners with Wools of New Zealand to showcase farm-to-floor wool rugs in China
Chinese textile company Saibosi has partnered with Wools of New Zealand to put the 'farm to floor' story of New Zealand wool rugs on screen for its customers.
The South Island offering of 14,157 bales saw a 70% clearance, New Zealand Wool Services International's marketing executive, Paul Steel reports.
The weighted indicator for the main trading currencies was barely changed, down 0.27%.
Coarse fleece and second shears generally firmed by up to 2.5%.
Merino and half-bred fleece prices followed the Australian trends of the past two weeks with prices declining.
Fine crossbred fleece and second shears came off the highs of the last South Island sale and settled around levels of last week's North Island offering.
Combing oddments were generally unchanged.
Competition was dominated by China with support from Western Europe, Australasia and India.
Next sale on the 5 October 5 comprises approximately 10,000 bales from the North Island.
New Zealand milk production is off to a strong start, with the first month of the 2025/26 dairy season recording a whopping 17.8% jump in milk production, compared to the previous season.
With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.
Keep up with innovation and e-commerce in China or risk losing market share. That was the message delivered at the China Business Summit in Auckland this month.
Meat Industry Association (MIA) independent chair Nathan Guy says getting meat processors involved has been a shot in the arm for the sector's key marketing initiative into China, Taste Pure Nature.
Listed carpet manufacturer, Bremworth is undertaking a $6 million expansion at its Napier plant more than two years after the site was heavily damaged by Cyclone Gabrielle.
Federated Farmers is vowing to keep the big banks accountable for their actions and to continue pushing for meaningful change in the rural lending sector.
OPINION: Bayer Crop Science closing its Hastings research site could be the tip of the iceberg.
OPINION: The image of regenerative farmers as kind, cuddly progressive types took a hit when one of their own took…