{"id":244037,"date":"2026-01-21T08:10:08","date_gmt":"2026-01-21T08:10:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/244037\/"},"modified":"2026-01-21T08:10:08","modified_gmt":"2026-01-21T08:10:08","slug":"wool-boom-scourers-sees-strongest-prices-in-decade","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/244037\/","title":{"rendered":"Wool boom: Scourers sees strongest prices in decade"},"content":{"rendered":"

Other wool category prices are also up by over $1 per kg compared to this time last year.<\/p>\n

But Everson said the \u201cchanging landscape\u201d will likely keep prices high.<\/p>\n

He said traditionally, when prices became too high, Chinese buyers would stop buying, leading to lower prices.<\/p>\n

However, with a reduced international wool clip available and scoured New Zealand wool sought after in India and Europe, this isn\u2019t the case anymore \u2013 with India alone taking over 20% of the New Zealand clip.<\/p>\n

Sheep numbers are declining<\/a> among all major wool-growing countries, with both Australia and Britain reporting high wool prices.<\/p>\n

Everson said the British wool market reports also show a 10-year high for specific categories of wool.<\/p>\n

As a result, buyers and manufacturers cannot delay purchasing wool and prices remain elevated.<\/p>\n

He said Chinese manufacturers are constantly developing new products and fabrics that use wool \u2013 with sectors, such as bedding that traditionally use down, now using more wool products.<\/p>\n

In April, the Government announced that government buildings will preference the use of wool<\/a>, which is positive for the ongoing domestic market, further supporting prices.<\/p>\n

Everson explained a more favourable NZD\/USD than mid\u20112025 was good for New Zealand farmers.<\/p>\n

Everson said with European nations requiring life cycle assessments of materials, wool is showing its green credentials and becoming a fibre of choice.<\/p>\n

Everson said farmers can focus on woolshed preparation and that supplying quality wool means better prices, with even an extra 50c per kg making a difference to farmers.<\/p>\n

Federated Farmers Hawke\u2019s Bay president Jim Galloway said the price bump in wool will allow local farmers to cover their costs of shearing instead of losing money on it.<\/p>\n

\u201cA couple of years ago, every sheep you shore you lost money on it. So, you got less for the wool than what it cost to shear it,\u201d he said.<\/p>\n

However, Galloway said there\u2019s still a long way to go before wool is where it was 20 to 30 years ago.<\/p>\n

\u201cBut it\u2019s certainly better.\u201d<\/p>\n

Southland wool grower Adrian Lawson recently sold wool via WoolWorks Grower Direct on an online auction where he got $1.41 more per clean kg more for his ewe fleece than he got last year, fetching $5.22 per kg clean, the highest he has made in 10 years.<\/p>\n

He said he is now making money from his wool, receiving well above his shearing costs.<\/p>\n

\u201cThere\u2019s light at the end of the tunnel and it seems prices will keep rising.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Other wool category prices are also up by over $1 per kg compared to this time last year.…\n","protected":false},"author":2,"featured_media":244038,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[3225,74,128802,16424,6927,138,1887,4731,380,12967,78,111,139,69,2847,12937,9324,142943,27702,29647,39879,666,12970,1530],"class_list":["post-244037","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-according","tag-after","tag-assured","tag-boom","tag-brighter","tag-business","tag-countrys","tag-days","tag-decade","tag-farmers","tag-in","tag-new-zealand","tag-newzealand","tag-nz","tag-only","tag-prices","tag-profits","tag-scourers","tag-seem","tag-sees","tag-strongest","tag-struggling","tag-wool","tag-years"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/244037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=244037"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/244037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/244038"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=244037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=244037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=244037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}