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1 May 2024
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Wool
Wool Street Journal

Market Update: Stability and growth amidst challenges

The wool market has shown some stability this year, with certain types of wool reaching near three-year highs, but there's still plenty of room for improvement. Understanding the challenges the industry faced due to the limited wool scouring capacity after Cyclone Gabrielle's damage 15 months ago is...

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1 May 2024
Categories
Wool
Wool Street Journal

Rolling out the wool carpet for Hato Hone St Johns Taihape

Taihape’s new ambulance station has been many years in the making, 16 in fact, and thanks to a huge community effort, it was officially ‘open for business’ in February - finally moving on from the 1920s rented bungalow it had been operating out of up until that point. Much of the project was funded...

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1 May 2024
Categories
Wool
Wool Street Journal

Global wool congress tracks trends and topics

In mid-April the International Wool Textile Organisation (IWTO) held its 93rd annual congress in Adelaide. More than 350 delegates from 22 countries attended, representing nearly every part of the wool value chain, including growers, brokers, exporters, marketers, scours, top makers, spinners...

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1 May 2024
Categories
Wool
Wool Street Journal

Long-term love of wool providing the motivation

Steve Fussell loves wool. “I love the industry, I love the people in it, and I love the job.” For the new PGG Wrightson North Island Wool Sales Manager, that makes for plenty of good reasons to get out of bed in the morning. Steve started his career at 17 sweeping the floor at Williams and Kettle in...

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1 February 2024
Categories
Wool
Wool Street Journal
Market Commentary

Supply and demand factors favouring growers in post-Christmas wool market

Post-Christmas prices at auction for all crossbred wool types have lifted. Supply and demand factors are playing into a scenario that favours growers: supply coming forward for sale is lower than anticipated, while manufacturers in China have increased demand, further stimulating the wool market...

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1 February 2024
Categories
Wool
Wool Street Journal

Large charitable Hawke’s Bay farming enterprise partners with PGG Wrightson

A charitable trust that has recently modernised and is one of the largest farming entities in Hawke’s Bay has elected to undertake all its wool business through PGG Wrightson. Established in 1977, the Joan Fernie Charitable Trust (JFCT) owns three substantial Hawke’s Bay rural properties...

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1 February 2024
Categories
Wool
Wool Street Journal

Hammer comes down on 50 year career

For PGG Wrightson South Island wool manager Rob Cochrane 50 years in the stock and station industry has flashed by. On 3 December 1973, aged 18 and fresh out of Christchurch Boys’ High School, Rob started work at Dalgety NZ Ltd, Christchurch. “I was the mail boy: sorting mail, licking stamps...

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1 December 2023
Categories
Wool
Wool Street Journal
Market Commentary

PGG Wrightson Wool applauds Government's wool preference directive

In a groundbreaking move, the New Zealand government has recently directed its agencies to prioritise the use of woollen fibres over synthetic alternatives in public sector buildings. This decision has garnered support from various quarters, and PGG Wrightson Wool stands firmly behind this...

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1 December 2023
Categories
Wool
Wool Street Journal

The importance of investing in wool preparation

By Rosstan Mazey, chair of the NZ Council of Wool Interests, CEO of WoolWorks Ventures At the start of the shearing season, quality preparation of the clip is an investment, not a cost. Ask yourself: what is the ultimate aim of wool preparation? Answer: to prepare your wool to achieve best...

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1 December 2023
Categories
Wool
Wool Street Journal

North Island wool identity bows out after 57 years

Encompassing seven decades, a momentous career in wool comes to an end in a few weeks. PGG Wrightson North Island Wool Manager Allan Jones started in the business in December 1966. Growing up on his family’s South Canterbury lifestyle property and regularly working on farms including his uncle’s...

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1 December 2023
Categories
Wool
Wool Street Journal
Market Commentary

Wool market report: Market largely steady after recent price rises

A significant quantity of merino wool has been offered at the South Island sales throughout November. Enduring interest from one of the major Australian fine wool exporters, who has attended our fine wool sales in person, further strengthens buying power in the room. This has resulted in prices that...

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2 October 2023
Categories
Wool
Wool Street Journal
Market Commentary

Market update: Encouraging demand for crossbred wools

Over the past few weeks values achieved at New Zealand wool auctions continue to surprise, with strong competition for most good style crossbred wool types. Many of the merino types pouring into South Island woolstores are similarly sought after. Mid-micron wool, measuring from approximately 28...

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2 October 2023
Categories
Wool
Wool Street Journal

Long term wool grower diversifies into milking sheep

Joe Catherwood has been a client of PGG Wrightson Wool throughout his farming career. Joe farms 320 hectares at Charing Cross, Central Canterbury, a property his father purchased in 1953, and which Joe and his brother John took over in 1976. Joe bought John’s share of the farm in 2000. Until a few...

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2 October 2023
Categories
Wool
Wool Street Journal
Community

Wool in Schools Travelling Classroom: Term 3 and Term 4 Update

The Wool in Schools programme, a The Campaign for Wool initiative, sponsored by PGG Wrightson , continues to make waves in New Zealand's education sector. This unique program brings the wonders of wool directly to primary and intermediate schools through mobile classrooms known as "Wool Sheds." As...

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27 July 2023
Categories
Wool
Wool Street Journal
Company News

PGG Wrightson Wool and Fine Wool Growers Embark on 11-Day European Tour with Devold

In an unprecedented move to strengthen their bond with New Zealand wool growers and with PGGW Wool, one of the world's leading outdoor clothing producers, Devold , proudly organised an exclusive 11-day European tour for 17 New Zealand merino wool growers. The tour was aimed at giving these dedicated...

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27 July 2023
Categories
Wool
Wool Street Journal
Market Commentary
Company News

Market update: Values increasing for premium crossbred wool types

Top quality well-prepared crossbred fleeces continue to command substantial market premiums. Global demand is driving values for these types to levels not recorded since December 2016, with the premium on the best presented wool up to $1 greasy above poorer quality, less well prepared wools...

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