Photo: SUPPLIED/PGG Wrightson Heritage Collection
Major wool broker PGG Wrightson will no longer hold wool auctions in Napier, after more than 140 years.
The Hawke's Bay city has hosted the firm's wool auctions since the late 1800s, as a hub for the North Island supply.
In the shadow of historic booms for wool - once considered the backbone of the New Zealand economy - the major broker will consolidate its auctions to a single national auction system in Christchurch, from May.
PGG head of wool Rachel Shearer said the difficult decision was about improving the resilience and sustainability of the wool sector.
"The a
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