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A firming NZ dollar and more reserved overseas buying combined to lower most prices at this week’s wool auction, says NZWSI.
A weakening New Zealand dollar and steady offshore buying saw all wool types improve for the latest South Island wool auction, reports NZWSI.
Wools of New Zealand (WNZ) is using world-leading traceability technology from Oritain, Dunedin, to strengthen the credibility and integrity of its products and combat unethical behaviour.
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.
Rosstan Mazey, global marketing manager at Turners & Growers, will take the reins as Wools of NZ chief executive next month.
Iconic Kiwi clothing company Swanndri has committed to source its wool from The New Zealand Merino Company (NZM) as it grows its market share domestically and overseas.
What's “hot to trot” in fashion and trends can have a big impact on our wool prices, says Malcolm Ching, Purelana manager with Wool Services International.
The lower dollar will put extra money in wool growers’ pockets but volatility in demand from China can be expected, say wool market experts.