Merger would give stronger voice to farmers - Wools of New Zealand
Photo: RNZ/Cosmo Kentish-Barnes Wools of New Zealand and Primary Wool Co-operative announced the move to their 2100 shareholders today - who will vote on the merger in November. Ahead of the vote Primary Wool Co-operative will become the owner of CP Wool with the purchase of Carrfields Ltd's 50 per cent shareholding. Strong wool prices have been depressed in recent years with the price of wool sometimes not meeting the cost of shearing the sheep. Chair of Wools of New Zealand James Parsons said the concept of grower organisations getting together in the wool industry had been discussed for ye...