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 rising New Zealand dollar being toyed with on the international currency market is driving local wool values down, says New Zealand Wool Services International Ltd's general manager, John Dawson.
The combined North and South Island wool auction comprising 18,900 bales saw a 73% clearance and apart for some types with limited volumes the market was continuing to trend downwards.
Dawson advises the weighted indicator for the main trading currencies was up 1.69% compared to the last sale on January 26 and particularly strong against the USD and euro.
A small selection of Mid Micron and Fine Crossbred Fleece resisted the negative impact of the currency increasing by 1-2%.
Fine Crossbred Shears received mixed attention, with the South Island easing by 1-2.5% and the North remaining firm to 3% stronger, although the North values are still below similar types in the South.
A similar scenario arose for the Coarse Crossbred Fleece with the South easing by 2-3% and the North increasing 1-2.5% however; again the North's values are still lower than the South's.
Coarse Shears generally weakened 1-5 % with the shorter and poorer wools affected the most.
First Lambs 2/3 inch and longer were firm to 4% dearer, with shorter types 2% cheaper.
A limited Oddment offering was 1-3% easier.
Widespread competition with China, Australasia and Western Europe principals supported by India, Middle East and the United Kingdom.
The next sale on February 9 comprises about 10,900 bales from the North Island and 8,900 bales from the South Island.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
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