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 5100 bales of South Island wools on offer this week through the Wool Services International auction saw strong competition and a 90.5% clearance.
The weaker NZ dollar compared to last sale on October 29 aided local prices, with the weighted currency indicator down 1.43%, says WSI marketing executive, Malcolm Ching.
Ching says the less stylish merino fleece compared to the last time offered on October 22 saw the 19.5 micron and finer wools up to 6% cheaper with 20 to 23.5 microns up to 3% firmer.
Mid micron fleece 24 to 26 microns was 1 to 4% dearer with 27 to 29.5 microns strongly contested, lifting 8%.
Compared to the North Island sale on October 29, fine crossbred fleece 32 to 35 microns was 3 to 6% dearer with shear types 1.5 to 5% dearer. Coarse full fleece was 4 to 5% stronger with 3 to 5 and 3 to 4 inch shears 1.5 to 3% firmer. Shorter types eased by 1.5%. Long oddments were 4 to 6% dearer with shorter types 1 to 5% dearer.
There was good competition with China and Western Europe supporting the fine wool sector, China dominating the fine crossbreds and Australasia strongly supporting the coarse wools. Limited support came from Western Europe, Middle East and India.
The next sale on November 12 comprises about 5100 bales from the North Island.
Labour's agriculture spokesperson Jo Luxton says while New Zealand needs more housing, sacrificing our best farmland to get there is not the answer.
Profitability issues facing arable farmers are the same across the world, says New Zealand's special agricultural trade envoy Hamish Marr.
Over 85% of Fonterra farmer suppliers will be eligible for customer funding up to $1,500 for solutions designed to drive on-farm efficiency gains and reduce emissions intensity.
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