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 7800 bales of North Island wool on offer this week saw a 92% clearance with a firm market for the finer crossbred wools and lower levels for the coarser sector, NZ Wool Services International Ltd's marketing executive Paul Steel says.
The weighted indicator for the main trading currencies was 1.63% stronger than the last sale on December 6 which accounted for the lower levels, however in foreign currency terms the market was generally very firm.
Continued demand for quick shipment from the Chinese market kept the finer types under steady pressure, with the seasonally higher volumes of coarser types due on the market and stronger currency combining to impact on this sector.
Steel advises fine crossbred fleece and longer shears were firm with shorter types 1% to 2% easier. Full length coarse crossbred fleece was firm to 1.5% softer.
Coarse Shears were generally 1 to 2.5% cheaper with the shorter end affected the most.
Long oddments came under solid demand, lifting up to 4%. The shorter types ranged from 1.5 to 4% cheaper.
China was the principal, supported by India, Western Europe, United Kingdom and Australasia.
The next sale on Wednesday, December 19 comprises about 8200 bales from the North Island and 9800 bales from the South Island.
Global trade wars and uncertain tariff regimes could play into the hands of many New Zealand exporters, according to Gareth Coleman ANZ’s Head of Trade & Supply Chain.
The long running trade dispute between NZ and Canada appears to be over.
Herd improvement company LIC has ended the 2024-25 financial year in a strong position - debt-free and almost quadrupling its net profit.
There's been widespread support from the primary sector for the Government's move to put the brakes on local authorities to do any more work on planning changes ahead of major changes to the Resource Management Act (RMA).
Rural health advocates say the Government's decision to establish a new medical school at the University of Waikato augurs well for the rural sector.
People affected by the recent two severe flood events in the Tasman district are weary and exhausted trying to deal with the devastation on their farms and orchards, according to the head of the Rural Support Trust (RST) in the region.
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