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 7,500 bales of North Island wools on offer this week saw a 97% clearance and a generally dearer market, reports NZWSI marketing executive, Malcolm Ching.
The weighted currency indicator for the main trading currencies eased again compared to the last sale on 27th August, coming down 0.92%, mainly due to the US dollar influence.
Ching says that apart from the finer end of the Fine Crossbred longer shears, which came down 2 to 4%, the balance of this category ranged from 3 to 7% dearer with shorter types benefiting the most.
Coarse Crossbred Fleece were firm to 2.5% firmer with better styles attracting the most support.
Coarse Shears were firm to 4.5% stronger with shorter types in strong demand.
Oddments were firm to 1.5% dearer.
Overall, there was good competition with China, Australasia and Western Europe dominating, supported by the Middle East, United Kingdom and India.
The next sale is scheduled for 10th September and comprises approximately 8,900 bales from the South Island.
A brilliant result and great news for growers and regional economies. That's how horticulture sector leaders are describing the news that sector exports for the year ended June 30 will reach $8.4 billion - an increase of 19% on last year and is forecast to hit close to $10 billion in 2029.
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We're working through it, and we'll get to it.
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A technical lab manager for Apata, Phoebe Scherer, has won the Bay of Plenty 2025 Young Grower regional title.