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.
Despite a strengthening NZ dollar, the varied selection at this week's South Island auction attracted strong support.
New Zealand Wool Services International Ltd's chief executive John Dawson reports that of the 7700 bales on offer 85% sold.
The weighted currency indicator was up 2.06% compared to the previous week's auction.
Dawson advises a selection ranging from 21 micron merinos to 42 micron coarse wools with a cross section of styles and lengths provided attractive options to buyers which overrode the possible negative impact of the stronger dollar compared to the similar South Island offering on July 14.
Mid micron fleece were well supported with increased Chinese interest, lifting 4 to 12%.
Fine crossbred fleece and shears were 2 to 3% firmer. Coarse crossbred full fleece lifted 3% for all styles with coarse shears ranging from firm to 3.5% dearer. Oddments were up 3 to 5%.
Where comparable to last week's North Island auction, levels are 4 to 7% higher.
Good competition with Australasia, Western Europe and China principals, supported by Middle East, India and United Kingdom.
The next sale on August 4 comprises about 5000 bales from the South Island.
Managing director of Woolover Ltd, David Brown, has put a lot of effort into verifying what seems intuitive, that keeping newborn stock's core temperature stable pays dividends by helping them realise their full genetic potential.
Within the next 10 years, New Zealand agriculture will need to manage its largest-ever intergenerational transfer of wealth, conservatively valued at $150 billion in farming assets.
Boutique Waikato cheese producer Meyer Cheese is investing in a new $3.5 million facility, designed to boost capacity and enhance the company's sustainability credentials.
OPINION: The Government's decision to rule out changes to Fringe Benefit Tax (FBT) that would cost every farmer thousands of dollars annually, is sensible.
Compensation assistance for farmers impacted by Mycoplama bovis is being wound up.
Selecting the reverse gear quicker than a lovestruck boyfriend who has met the in-laws for the first time, the Coalition Government has confirmed that the proposal to amend Fringe Benefit Tax (FBT) charged against farm utes has been canned.
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