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OPINION: A mate of yours truly has been getting quotes for new carpet in the lounge and, being a good keen man, he was looking first at wool carpet.
"Let's have wool!" he said.
He was duly quoted for "medium-quality wool carpet", $104 per square metre plus install costs.
"The carpet salesman took great delight in telling us that there are 48 ounces of wool per square yard. That's roughly 1.3kg of wool per square metre."
Based on current average crossbred prices of about $3.00/kg, our good keen man reckons the farmer's getting a bit under $4 per square metre for that $104 piece of carpet.
"Looks like wool farmers are being 'fleeced' - that's a hell of a mark up!" he said.
The recently signed free trade agreement with India is an invitation to strengthen relationships between the New Zealand and Indian strong wool industries, says Wool Impact chief executive Andy Caughey.
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
A collaboration between two New Zealand companies will see wool used as a renewable colour source for 3D printing.
OPINION: A bumper season all around.
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
The 2026 Holstein Friesian NZ Black & White Youth Auction has once again proven the strength of support behind the breed’s young people, raising $20,130 for the HFNZ Black & White Youth programme.
Westpac NZ has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand (RBNZ) to secure and leverage kiwifruit growers' Zespri shares.
Bank of New Zealand (BNZ) and Pāmu (Landcorp Farming Limited) have developed a new way for landowners to earn revenue from existing native forests.
Despite near universal optimism in the rural sector, a panel of New Zealand’s leading food and agri minds caution that the sector must be intentional about its future path.
The dairy industry cannot rest on its laurels despite providing one in every four export dollars earned by the country, says DairyNZ chief executive Campbell Parker.
The Government is looking at intervening on behalf of Waikato farmers who face new regulations around agricultural land use while Resource Management Act (RMA) reforms are underway.
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