A key observation by NZ velvet exporters that quality could be more important this year; promotion hits full swing in the key markets as the main consumption season nears; and a whole of industry audit by Chinese regulators gives us a chance to showcase our wonderful industry.
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Well into this season, NZ velvet exporters and producers report prices to be steady achieving levels similar to last year.
A tense start to the new velvet season, the NZ Korean FTA is ratified by both governments and promotional work continues in South Korea.