Wool

US company Smartwool gets quality and back-story from New Zealand merino

[8 December/ Stuff] Leaders from Smartwool have visited the Stonyhurst farm in North Canterbury. Smartwool was a merino apparel company from the United States which sourced 95 percent of its wool from New Zealand. Smartwool Brand President, Travis Campbell said the reason the wool had always been sourced from New Zealand was due to the...

Wools of NZ strategies for the future

[30 November/ NZ Herald] Wools of New Zealand held their Annual General Meeting in Christchurch last week. Wools of New Zealand Chairman, Mark Shadbolt said the company would drive towards revolutionising the industry through a focus on research and development, the development of innovative technologies, and product authenticity initiatives. Mr Shadbolt added that ongoing success...

Wool bosses happy with performance

[28 November/ NZ Herald] Wools of New Zealand Chairman, Mark Shadbolt said he was satisfied with the company’s performance for the 2017 financial year amid challenging market conditions. The company reported a net loss after tax of $321k, compared with a net profit after tax of $1.48 million in the previous year. Mr Shadbolt said...

High-end Norwegian merino clothing manufacturer targets high-country farmers

[20 November/Stuff] Two representatives from Devold, a high-end Norwegian merino clothing company, visited the livestock pavilion at the Canterbury A&P show. Since last year Devold has sourced merino wool from five South Island stations. Devold Chief Executive Cathrine Stange said the stations were taken on as partners. Stations include Armidale from Central Otago and Blairich...

Icebreaker inks $100m 10-year supply contract for NZ merino wool

[10 November/New Zealand Herald] Icebreaker has signed its longest ever supply contract with New Zealand merino wool growers and The New Zealand Merino Company, worth $100 million over ten years. The deal is designed to ensure a long-term supply of merino wool fibre. Pricing will be at a premium in recognition of ongoing loyalty. Icebreaker...

NZ company Fifth Breath launches woollen yoga mat

[7 November/ Stuff] Fifth Breath has launched the first wool yoga mat. Co-Founders Dana McKenzie and Irina Arya have spent the past year working to retain the functionality expected by yoga followers. The Co-Founders are engineers, and a passion for wool and yoga prompted them to build Fifth Breath Ltd, a company aiming to provide...

Wool prices lift, but long way to go

[2 November/New Zealand Herald] ASB Senior Rural Economist Nathan Penny said that the worst appeared to be over for wool prices, as they increased 25 percent since record low levels in July this year.  However, he also warned that the industry was not out of the woods just yet, as prices remain below the 10-year...

Fine wool market strikes decades-long high at Christchurch wool sale

[30 October/Stuff] Mid-micron hogget and fine wools reached record high prices at the Christchurch wool sale last week. Increased demand for quality wool resulted in strong competition amongst buyers, as the season for fine wool draws to a close.

NZ wool yoga mat ready for launch

[23 October/Otago Daily Times] Dana McKenzie has been at OM Yoga in London this weekend, the biggest yoga gathering in Europe, to launch her wool yoga mats. Mrs McKenzie believes the traditional synthetic fibre mats are not aligned with the principles of yoga, and that her mats can carve out a premium niche in the...

Whakatu wool scour to close

[24 October/New Zealand Herald] Cavalier Wool Holdings has decided to close its Whakatu Wool Scour on November 9 this year due to a drop in wool volume. Its operations will be incorporated into the wool scouring plant at Awatoto. Cavalier Woolscourers Ltd Chief Executive Tony Cunningham said that he hopes to retain as many employees...

Wool, a work of art

[10 October/Farmers Weekly] A design competition in the California Bay Area, has turned NZ wool rugs into works of art. The competition was set up by Carlisle, which distributes Carrfields Primary Wool’s range of New Zealand wool carpets and rugs in North America under the Just Shorn brand. The designs were 6’ x 9’ in...

50th Waimate Shears hailed a success

[15 October/ Stuff] The 50th Waimate Shears were a success and the first at the Waimate’s new $800,000 pavilion. The event included a celebratory anniversary dinner and wool handling and shearing competitions on Friday and Saturday. Some top industry names competed, including 16-time Golden Shears Champion Sir David Fagan and two-time World Champion Wool Handler...

Mixed results for fine and strong wool at Christchurch sale

[16 October/ Stuff] Fine wool sales increased at last week’s Christchurch wool sale; however, crossbred wools struggled. There were mixed results for a top offering from all wool breeds. Core Asian markets were quiet, including for crossbred hogget fleece. 31 to 34 microns crossbred fleece was 3-7 percent less expensive, 35 microns and stronger was...

Wool fights back in global campaign to combat synthetics

[6 October/ Stuff] Best Wool Carpets, a leading European carpet producer, is preparing to launch a campaign promoting the virtues of New Zealand wool. It aims to counter some of the falsehoods propagated by the synthetic industry, such as that wool carpet fades in UV light. Best Wool Carpets Chief Executive Yvar Monasch said the...

Wool prices go backwards after coming off bottom at Christchurch sale

[2 October/ Stuff] The Christchurch Wool sale produced mixed results last week. The offering included good quality merino and halfbred types as well as crossbred hogget wool. Some reoffered wool also appeared after weeks of improved prices. Pre-lamb crossbred fleece remained firm and poorer styled crossbred fleece struggled. Crossbred wool from 31 to 34 microns...

Merino wool sells well

[29 September/ Farmers Weekly] In the latest Christchurch sale, mid-micron wool prices decreased due to Asian buyers leaving the market. Returns were 6 percent to 9 percent lower for the 24 to 30 microns fleeces compared to the sale two weeks earlier. The price decreases included mainstream crossbred wools, primarily pre-lambing shorn wools. This reversed...

Wool sacks full of surprises

[18 May/ Farmers Weekly] Wool sacks sent to New Zealand scouring plants recently included cell phones, clothing, pizza, $5 notes, spray cans, steel bars and many other objects. Wool Scourers Production Co-ordinator Struan Hulme said steel bars have the potential to cause up to $20,000 of damage to scouring equipment. Mr Hukme also noted the...

Crossbred wool prices stabilise from previous plunges at Christchurch sale

[15 September/ NZ Farmer] The crossbred wool market remained firm for a high quality offering at the Christchurch wool sale on 14 September. Strong demand from Asia meant crossbred wool prices continued to steadily move in a positive direction. The better prepared wools showing uniformity of length were the most sought after. Prices have yet...

Signs of confidence returning to wool market at Christchurch

 [8 September/ Stuff] Farmers are more upbeat about wool prices after prices strengthened for a top offering of pre-lamb crossbred, mid micron and merino fleece across all micron categories at the Christchurch wool sale. Competition for the merino offering was well spread, with prices in line with Australia at levels unseen for years. Mid Micron...

Kiwi firm Allbirds raises almost $40 million

[6 September/ NZ Herald] Allbirds, a New Zealand merino footwear label has raised another $24 million in funding after raising almost $10 million last year. This new capital investment brings the company’s total investment since it was launched in 2015 to $38.4 million. Allbirds was co-founded by former Wellington Phoenix Captain and All Whites Vice-Captain...

Wool carpet sales hit the floor

[5 September/ Rural News Group] Wool carpet sales have dramatically decreased. Figures show that ten years ago, 80 percent of carpet sold in New Zealand was wool, compared to just 15 percent currently. Cavalier Chief Executive Paul Alston says consumers are shifting to synthetic carpets; however, wool is still a big seller in Australia and...

Crossbred wool prices come off low as fine wool edges to record levels

[17 August/Stuff: NZ Farmer] Farmers will be hoping recent wool sales indicate that crossbred wool prices have finally bottomed out and taken a turn for the better. The sales showed a lift in prices of between 5 and 7% after a long run of low prices, although wools coarser than 34 microns continue to lack...

Cavalier looks to rationalise scours

[24 July/ Farmers Weekly] Cavalier Wool Holdings is considering ways to rationalise its three Hawke’s Bay wool scours. It has two major scour plants, and one “overflow” scour. Cavalier Corp Chief Executive Paul Alston said multiple scours were necessary due to the size of the North Island wool clip. The change follows the merger of...

NZ wool market shows signs of life in latest auction

[14 July/ National Business Review] A weaker dollar and wider range of wool types offered has helped lift New Zealand wool prices at a more robust clearance rate. 77 percent of the 4,432 bales offered were cleared and prices were higher than last week’s North Island sale. The coarse crossbred indicator showed a 9-cent prices...