Market Alert: Strong Nuclear Tensions in South Asia Assessing the Fallout on Global Equity Markets
The New Zealand wool industry’s optimism, championed by Associate Agriculture Minister Mark Patterson, took a hit after Kāinga Ora’s decision to exclude wool carpets from its latest tender. The housing agency cited cost savings of approximately 34% as the reason for opting for nylon over wool. Patterson, also an NZ First MP and Otago farmer, expressed disappointment, describing the move as a blow to the industry’s renaissance efforts. The decision has left many in the sector feeling blindsided, highlighting the ongoing challenges in promoting sustainable and local materials.
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