The race against time to bail out the wool industry

The race against time to bail out the wool industry
Mark Patterson speaking in Parliament recently. (Image: NZME)
Riley Kennedy
Mark Patterson is under no illusion pulling the wool industry out of its “dire state” isn’t going to be an easy task.But, the New Zealand First MP, who is associate minister of agriculture with the wool delegation, has his heart set on using whatever levers the government can pull to turn it around.In recent years, demand for strong or coarse wool made into products such as carpets has suffered because of strong competition from synthetic fibres, a lack of capacity for development and industry fragmentation. Prices are so...

More Primary Sector

Alliance Group on path back to profit
Primary Sector

Alliance Group on path back to profit

It now needs north of $200 million of capital to restore its balance sheet.

Potential Mainland buyers may soon tap regulators
Primary Sector

Potential Mainland buyers may soon tap regulators

Fonterra's divestment process is gaining traction.

Riley Kennedy 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025