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.
There is still steady demand and a general underlying strength to the wool market, says John Dawson, general manager, New Zealand Wool Services International Ltd.
Although the South Island sale saw several categories at slightly lower price levels than last week's North Island sale, of the 10,362 bales offered this week, which was considerably more than anticipated, 75% sold. The passed-in wools were predominantly lots with inflated grower reserves.
The weighted indicator for the main trading currencies was unchanged compared to the last sale on November 1.
Dawson says merino fleece were firm to 4% cheaper. Mid micron fleece finer than 26 micron were firm to 3.5% dearer, 26.5 to 30 micron were up to 4% cheaper with 30.5 to 31.5 microns up to 6% dearer. Fine crossbred fleece generally remained firm. Longer fine crossbred shears were 1.5 to 4.5% dearer with shorter types firm. Coarse crossbred fleece were generally buyers favour. Longer coarse shears were up to 1.5% easier with shorter types 1 to 3% cheaper. Oddments were 7% stronger.
Good competition with China, India and Western Europe principals was supported by Middle East and the United Kingdom.
The next sale on November 15 comprises about 9125 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.
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