The turnaround in the fortunes of wool growers may well begin now if farmers vote positively on a proposed merger between grower-owned export and marketing company Wools of New Zealand and Primary Wool Co-operative. Ahead of the vote, Primary Wool Co-operative will become the 100% owner of CP Wool with the purchase of Carrfields Ltd’s 50% shareholding. Primary Wool Co-op Chair RIchard Young says a series of road shows will be held throughout August to explain the plans to get wool back where it belongs. The farmers will vote on the merger proposals in November.
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