Article: Fine future for fine wool

Twelve years ago, wool was, quite simply, wool.

Frustrated with the commoditisation of their fibre and lack of understanding and connectivity in the market, merino growers decided to control their own destiny and, in 1996, formed The New Zealand Merino Company (NZM, previously Merino New Zealand), an integrated sales, marketing and innovation company.

Today, NZM is responsible for the the sale of about $105 million of fibre per year, virtually all of which is exported. This represents 80 per cent of the New Zealand merino clip and 50 per cent of the New Zealand mid- micron clip by value.

"NZM connects grower-suppliers with the premium global brands that ultimately purchase their fibre. ...

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