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.
New Zealand Wool Services International marketing executive, Malcolm Ching reports that the 15,000 bales on offer from both centres this week saw a slight easing for most types.
Higher volumes than anticipated, a stronger New Zealand dollar and sluggish overseas interest over the past weeks added to the softer tone.
Despite the easier market, 93% sold. The weighted currency indicator lifted 0.83%.
Ching advises that compared to the December 3 sale, Mid Micron Fleece were 2.5 to 4% cheaper.
Compared to the North Island sale of December 10, Fine Crossbred Fleece and Shears were generally 1 to 3% cheaper however some specific types resisted this trend.
Coarse Crossbred good colour fleece remained firm with average and poor styles 1 to 2% easier.
Crossbred Shears were firm to 2% cheaper with good support for the better style shorter wools.
First Lambs eased 1.5 to 3%. Oddments received varied support, ranging from firm to 6% cheaper.
There was good competition with China, Australasia and Western Europe principals supported by Middle East, United Kingdom and India.
The next sale is on January 7, 2016 comprising about 13,000 bales from the North Island.
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.
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.
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