The NZ deer industry has agreed to support one of South Korea’s largest pharmaceutical companies in its plans to develop and market a product with proven health benefits based on NZ deer velvet.
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The new deer velvet season has opened strongly, with farmers reporting early enquiry from buyers at prices 10-15 per cent above last season’s close.
New season velvet promotions are well underway in South Korea. Korean food companies are reporting success and growth of their velvet products over the Chuseok period.