WOOL ARCHIVES

New leader predicts strong future

Primary Wool Co-operative shareholders have backed the board, voting to support of the organisation’s proposed future direction.

At the annual meeting in Dannevirke shareholders provided overwhelming support for two key resolutions that incoming chairwoman Janette Osborne says cement a strong footing for the future. 

Directors back PWC despite doubts

Primary Wool Co-operative is depending on the ongoing support of two of its directors after reporting another annual loss.

The auditor, KPMG, said in the annual report there is a material uncertainty that might cast significant doubt on the company’s ability to continue as a going-concern.

Cavalier looks for wool carpet boost

Cavalier Corporation is changing the way it operates in Australia in reaction to soft market trading and to improve the prospects for its high-end wool carpets.

Best gains in years for crossbred wool

Renewed Chinese buying and the emergence of new-season fleece turbo-charged the Christchurch wool market on Thursday.

Crossbred wool 31 to 35 microns rose by 5% to 8% in price and above 35 micron had gains of 4% to 7%.

Cavalier looks for wool carpet boost

Cavalier Corporation is changing the way it operates in Australia in reaction to soft market trading and to improve the prospects for its high-end wool carpets.

Wool shines for vendors

Sellers were well ahead on a big volume day at Wednesday’s Christchurch wool sale.

Prices for about 11,000 bales of end-of-season wool were strong across most styles, PGG Wrightson’s South Island sales manager Dave Burridge said. 

Wool volumes, prices higher

Sellers had the better of Thursday’s Christchurch wool auction when a large offering of 13,000 bales made good price gains.

That applied especially to full-fleece though second-shear was mixed. Lambs’ wool was in good demand, especially for longer-combing wool, up by 2% to 5%.

A sale of two halves

Lambs' wool and good style second-shear crossbred wool sold strongly at Thursday’s Napier sale but business was slow elsewhere.

It was a struggle to push buyers along for high-colour fleece and oddments, PGG Wrightson’s North Island auctioneer Steve Fussell said.