'We’ve gone through a very sharp peak, but we’re still ahead of last year.'
Home / The CountryMonique SteeleRNZ·6 Aug, 2026 10:05 PM3 mins to readKells Wool owner Richard Kells. Photo / RNZ, Alexa CookKells Wool owner Richard Kells. Photo / RNZ, Alexa CookBy Monique Steele of RNZA long-awaited recovery in New Zealand wool prices is easing as buyers become reluctant to spend top dollar on the clip this new season.
However, a North Island auctioneer believes the mid-winter market might have hit its floor, after a strong
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'Once again, wool is adding to the bottom line of hardworking New Zealand sheep farmers.'
Kells Wool is now the only remaining broker still operating in Hawke’s Bay.
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In the 1960s, New Zealand sheep farmers expanded wool production as the industry flourished. Years later, growing global demand for natural fibres and rising synthetic fabric costs produced an unexpected comeback, making wool profitable again after years of decline
After decades of decline, New Zealand’s wool industry is making a comeback
