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.
New Zealand Wool Services International CEO John Dawson says the strengthened New Zealand dollar has negatively impacted at this week's South Island sale with most types easing in local terms.
The weighted indicator for the main trading currencies has lifted 2.97 percent compared to the last North Island sale on 1st October and 4.67 percent against the previous South Island sale.
Of the 8,423 bales on offer 75.4 percent sold.
Dawson reports that compared to the South Island sale on 24th September, Merino Fleece 17 to 23.5 microns were 2 to 6 percent cheaper in-line with currency movements and high seasonal volumes.
Mid Micron Fleece 24 to 27 microns were 2 to 4 percent cheaper with 28 to 30.5 microns down 7 to 9 percent.
Compared to the North Island sale on 1st October, Fine Crossbred Full Fleece 31.5 and 32 microns were 3 to 4 percent dearer with 32.5 and 33 microns up to 9.5 percent dearer as limited volumes pressured this segment. Fine Crossbred Second Shears 32 to 35 microns were generally 1.5 to 5 percent cheaper with shorter types under continued pressure.
Coarse Crossbred Fleece were up to 1 percent easier.
Coarse Second Shears were 1.5 to 2.5 percent cheaper.
Short Oddments were down 1.5 to 3.5 percent.
Well spread interest with Western Europe and China dominating the Fine Wool sector with Australasia and China strong on the fine and coarse crossbred wools, supported by Middle East, United Kingdom and India sparingly.
Next sale on 15th October comprises approximately 5,000 bales down 30 percent on anticipated roster volumes.
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.
Holstein Friesian excellence was front and centre at the 2025 Holstein Friesian NZ (HFNZ) Awards, held recently in Invercargill.
The work Fonterra has done with Ballance Agri-Nutrients Ltd, LIC and Ravensdown to save farmers time through better data connections has been recognised with a national award.
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