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.
Continued shipping pressure for China kept finer crossbreds firm at the latest wool auction however coarse wools eased as volumes available increased, says Paul Steel of NZWSI.
The weighted indicator remained unchanged compared to the last sale on May 21. Of the 8,900 bales on offer, 94% sold.
Steel says that fine crossbred longer shears remained firm with shorter types lifting between 2% and 6%. Good colour coarse fleece were firm to 1.5% easier, average style firm and poor colour 2.5% to 5.5% dearer.
Long coarse shears were firm to 3.5% cheaper with shorter types down 4% to 6%.
Long lambs fleece were 3.5% dearer, 2 to 4 inches up 1% to 2% with shorter types firm to 4% cheaper. Long oddments were 4% to 7% dearer with good colour short oddments 4% dearer and poor colour 3% to 6% easier.
Good competition with China continues to dominate, supported by Australasia, India, Middle East and Western Europe.
The next sale on June 4 comprises about 7,100 bales from the South Island.
New Zealand avocado growers have received a major boost by securing a collective FernMark Licence for their exports.
Beef + Lamb NZ's countrywide director roadshow arrived in Feilding last week, bringing with it ongoing positivity in the sector, an overview of the work B+LNZ does on behalf of levypayers and a proposed change on how the levy would be collected in the future.
A stronger than expected outlook for dairy has prompted one bank to lift its 2025-26 season forecast milk price by 75c to $10.25/kgMS.
Chinese dairy giant Yili Group says its New Zealand operations are on track for strong revenue growth in 2025 after recording significant year-on-year growth for the first half of the year.
Trade Minister Todd McClay says the US tariff decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate.
Alliance Group has announced plans to sell a 65% stake in the farmer-owned co-operative to Irish meat processor Dawn Meats Group for $250 million.
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