The race against time to bail out the wool industry

Mark Patterson speaking in Parliament recently. (Image: NZME)

Tue, 14 May 2024

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...

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