Subscribe today - find out more
Why you should consider BusinessDesk
Primary Sector

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

Rebecca Howard
Thu, 22 Jul 2021

WNZ is making and supplying wool carpet to Flooring Xtra (Image: NZ Story)
Rebecca Howard
Thu, 22 Jul 2021
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,”...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Law & Regulation
David Henry firm moves into liquidation owing $400k
Brent Melville | Sat, 31 Jul 2021

Kinleith Land and Infrastructure moves into liquidation owing at least $400,000, liquidator looks to sell solar farm.

On the Money
On the Money: Chris Dunphy, Peter Wells' potential $250m payday, Banksy, Bridges, and more
Rebecca Stevenson | Sat, 31 Jul 2021

Which minister thought he was at a rave, who's cashing in on another potential IPO on the ASX, why wasn't anyone buying Banksy? And more.

Opinion FREE
Why it's hard to open a supermarket in NZ
Eric Crampton | Fri, 30 Jul 2021

Supermarkets' high profits should motivate a new competitor, if they're real. If the profits are there, what's stopping them?

Sponsored
How events can support a sustainable future

Sustainability has become a fundamental characteristic of a responsible business. It’s no longer just about “doing the right thing for the environment”, but now a much more holistic proposition where businesses have a real responsibility to embrace sustainable business practices - or risk being left behind.

Sponsored
5 trends as construction begins towards carbon neutrality

Carbon neutral trends emerging in engineering, procurement and construction across the globe indicate what we can expect in New Zealand over the next thirty years.