Struggling wool industry gives consolidation a go

James Parsons, WNZ chair, and Richard Young, chair of PWC. (Image: supplied)

Mon, 08 Nov 2021

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...

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