Struggling wool industry gives consolidation a go

Struggling wool industry gives consolidation a go
James Parsons, WNZ chair, and Richard Young, chair of PWC. (Image: supplied)
Rebecca Howard
Wools of New Zealand and Primary Wool Co-operative shareholders voted in favour of a proposed merger aimed at giving the wool industry more clout.“Growers have spoken and backed our vision to build one organisation with strength and scale to make a real difference to New Zealand’s struggling wool industry,” said James Parsons, chair of WNZ.While there has been some improvement in wool prices, with wool revenue forecast to increase 15% to $28,500 per farm this season according to Beef+Lamb, they still barely cover associated sh...

More Primary Sector

Zespri on track for 'moderate increase' in volume next year
Primary Sector

Zespri on track for 'moderate increase' in volume next year

Zespri's producer vote to expand global supply passed this week.

Yashili NZ revenue dropped 42%
Primary Sector

Yashili NZ revenue dropped 42%

The Chinese-owned dairy processor’s accounts were due in May.

Zespri growers vote in favour of expanding global supply
Primary Sector

Zespri growers vote in favour of expanding global supply

Zespri’s growers have voted to support the expansion of the kiwifruit marketer’s global supply.A total of 90.6% of voting growers and 93.3% by fruit weight voted in favour of the resolution, which will allocate up to 420 hectares of SunGold fruit per year over six years in Italy,...

Riley Kennedy 11 Dec 2024
Greyhound racing to end
Primary Sector

Greyhound racing to end

Winston Peters says it will be phased out over 20 months.

Riley Kennedy 10 Dec 2024