Where there's wool there's a way - carpet as a solution to oversupply

Where there's wool there's a way - carpet as a solution to oversupply
WNZ is making and supplying wool carpet to Flooring Xtra (Image: NZ Story)
Rebecca Howard
Sheep farmers are in business for the meat alone given low wool prices don’t cover shearing costs, but Wools of New Zealand says the problem isn’t insurmountable. Normally you can increase prices by reducing supply, but sheep produce wool regardless of market dynamics and they have to be shorn, said John McWhirter, chief executive of Wools of NZ.“In the case of wool, it sits on sheep and the demand for sheepmeat has grown so that means you’ve actually got a whole lot of wool coming whether you want it or not,”...

More Primary Sector

Scientists see hope in race to save the banana
Primary Sector

Scientists see hope in race to save the banana

Australian research into genetic modifications is starting to bear fruit. 

Alistair Field joins Fonterra board
Primary Sector

Alistair Field joins Fonterra board

Australian mining and logistic executive Alistair Field will join Fonterra’s board as an independent director.He replaces Scott St John, who stepped down in March when he took over as chair of ANZ New Zealand.Field’s appointment will be ratified at the co-operative’s annual meeti...

Riley Kennedy 11 Oct 2024
‘Cash kawakawa’: Aotea skincare wants to grow with NZ flora
Primary Sector

‘Cash kawakawa’: Aotea skincare wants to grow with NZ flora

Company founder Tama Toki has his eyes on the United States.

Gregor Thompson 11 Oct 2024
Fonterra steps up work on potential consumer business divestment
Primary Sector

Fonterra steps up work on potential consumer business divestment

Last month Fonterra said it was still working towards a 12- to 18-month timeframe. 

Staff reporters 10 Oct 2024