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

Higher milk price could inject $1b more into economy
Primary Sector

Higher milk price could inject $1b more into economy

Fonterra is expected to announce its opening forecast this week. 

Rebecca Howard 28 May 2024
Capital is the elephant not in the room
Primary Sector

Dileepa Fonseka: Capital is the elephant not in the room

Doubling exports also means a cultural shift in how we view capital. 

Dileepa Fonseka 27 May 2024