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The double auctions in the South and North Islands attracted more interest yesterday.
New Zealand Wool Services chief executive John Dawson reports that the stronger NZ dollar did not stop most types firming in price, the tight supply conditions and a little more interest from China for quick shipment helped to underpin the market.
Compared to the last South Island auction merino, mid micron and fine crossbred fleece was 3-5% dearer.
North Island carpet types were 2-4% dearer.
The next sale on the 27th October will comprise approx. 6,000 bales
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
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.
State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.
A deterioration in the quality of New Zealand's wool clip is a problem for manufacturers and exporters, says Associate Agriculture Minister Mark Patterson.
A partnership between Canterbury milk processor Synlait and the world's largest food producer, Nestlé, has been celebrated with a visit to a North Canterbury farm by a group including senior staff from Synlait, the Ravensdown subsidiary EcoPond, and Nestlé's Switzerland head office.
Canterbury milk processor Synlait is blaming what it calls "a perfect storm" of setbacks for a big loss in its half year result for the six months ended January 31, 2026.
More of the same please, says Federated Farmers dairy chair Karl Dean when asked about who should succeed Miles Hurrell as Fonterra chief executive.
A Waikato farmer who set up a 'tinder' for cows - using artificial intelligence to find the perfect bull for each cow - days the first-year results are better than expected.
Fonterra says it's keeping an eye on the Middle East crisis and its implications for global supply chains.
The closure of the McCain processing plant and the recent announcement of 300 job losses at Wattie’s underscore the mounting pressure facing New Zealand’s manufacturing sector, Buy NZ Made says.
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