NEW ZEALAND WOOL SECTOR LOOKS AWAY FROM COMMODITY AUCTIONS TOWARDS ADDED-VALUE FUTURE,
August 22nd, 2023
With New Zealand’s raw wool exports falling during the Covid-19 pandemic, the country's wool sector is witnessing “a historic change”, transforming from farmers as providers of raw material traded as a commodity into that of farmer-owned brands - sold direct to consumer as high-value goods.
New Zealand data service ‘figure.nz’ said New Zealand dollars NZD437 million’s (USD268 million) worth of wool was exported from this key global supplier in 2022, down from NZD549 million (USD337 million) in 2019, with projections predicting an easing up of ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.