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 South Island sale of 8565 bales comprising a wide range of wool types saw good support with 78% of the offering selling.
NZ Wool Services International Ltd’s chief executive John Dawson reports the a weakening NZ dollar compared to the main trading currencies saw the weighted indicator easing 1.1% compared to last week, giving a small amount of support to local prices.
Dawson advises pressure for quick shipment of orders and the diverse wool types on offer attracted good support, helping underpin the market.
Compared to last time offered at the South Island sale on September 22 merino fleece 16 to 19 microns were firm to 1.5% cheaper with 20 to 23 microns generally 1.5% easier and mid micron fleece 25 microns were 1% dearer with 25.5 to 29 microns 1 to 4% cheaper.
Compared to the North Island sale on September 29 fine crossbred fleece 32 to 35 microns were firm with early shorn and second shears 3 to 5 and 3 to 4 inches also remaining firm. Shears 2 to 4 inches were 2 to 3.5% cheaper with 2 to 3 inches firm to 1% cheaper.
Coarse crossbred full fleece were firm for good colour and 1% dearer for average colour.
Longer coarse shears were firm with 2 to 4 inches 3.5 to 5.5% cheaper and 2 to 3 inches 2.5% easier.
Short oddments were 4 to 6% cheaper with faulted lines discounted the most.
The next sale on October 20 comprises about 5600 bales from the North Island and 8150 bales from the South Island.
Questions are being raised about just how good the state of the dairy industry is - especially given that the average farmgate payout for the coming season is set to exceed $10/kgMS.
A leading financial and banking advisor says he doubts if most dairy farmers fully understand the dynamics of banking.
Dairy farmers are shoring up their balance sheets, with almost $1.7 billion of debt repaid in the six months to March 2025.
Virtual fencing company Halter is going global but for founder Craig Piggott, New Zealand farmers will always remain their main partners.
A former Fonterra executive is the new chair of the Dairy Companies Association of New Zealand (DCANZ).
New Federated Farmers national dairy chair Karl Dean is looking forward to tackling the issues facing the sector.