Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New wool cooperative for all wool producers


New wool cooperative for all wool producers

The new farmer-owned national wool marketing organisation, Primary Wool Cooperative Ltd, will handle all wool types, and not just strong wools.

There have been some reports that the cooperative is a strong wools organisation and will only cater for strong wool types, but managing director Brian Murray says it will handle all wools types.

Primary Wool Cooperative Ltd has been formed by the merger of two of New Zealand's largest cooperative wool entities, East Coast Wool Cooperative Ltd of Dannevirke and the wool division of Combined Rural Traders (CRT Primary Wools) based in Christchurch.

Mr Murray stresses it will service the full cross section of New Zealand wool growers.

"Obviously our North Island operation will be predominately engaged in procuring strong wools, but the current South Island business of CRT already handles significant quantities of mid-micron and finer wool types," he says. "It is our intention that Primary Wool Cooperative Ltd will greatly increase the volumes of all wools handled, right across the type and micron range."

Wool producers will shortly be offered the opportunity of becoming shareholders in the cooperative, enabling them to share in the company's returns. The cooperative structure means earnings will be retained within the wool producing sector, instead of being lost to commercial investors.

Primary Wool Cooperative Ltd will handle more than 140,000 bales of wool in its first year, making it the second largest procurer of wool in New Zealand, and the largest wool cooperative by a significant margin.


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: