Chinese spark wool market nerves

Wool market volatility highlights the world being nervous about China, a major Australian buyer of New Zealand fine and mid-micron fleece says.

Rookie women shearers raise funds

A group of Hawke’s Bay women have organised a shearing competition among themselves to raise awareness about mental health in rural communities.

Hopes for fine wool prices rise

A recovery in fine wool prices in Australia has boosted hopes of strong results at the South Island’s first premier Merino wool auction on Thursday.

Trade woes smack wool prices

Most fine and mid-micron wool prices slumped at Thursday’s Christchurch sale because of the United States-China trade war.

Merino inspires Cavalier rethink

Cavaliar Corporation has enlisted marketing specialist the New Zealand Merino Company to help boost its struggling wool carpet sales business.

Cavalier plans more write-downs

Carpet maker Cavalier Corporation warns it will make asset value write-downs in its earnings report next Tuesday but still expects to achieve its guidance of normalised after-tax profit of $1.9 million for the year ended June 30.

Trade stress blunts China wool-buying

Mid micron and finer wools suffered a significant fall at Thursday’s Christchurch auction, influenced by drops the previous day at Australian sales.

Buyers paying up for good wool

A refreshing transformation is taking place in the wool market with a clear price gap emerging between good-quality and poorer wools, PGG Wrightson’s South Island sales manager Dave Burridge said.