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WOOLS OF New Zealand says growers are rallying around the Direct-to-Scour (D2S) spot market sales option with volumes double each month since it was launched last October.
Volumes have now reached about 350,000kgs, with annualised volumes expected to reach between 3.5m – 4m kilograms within its first year, about 8% of the market.
Ross Townshend, chief executive of Wools of New Zealand told shareholder growers and supporters during the company's roadshow series of 12 national meetings this week that the system was "simpler and put more money into the pockets of growers than the conventional model.
It makes logical sense for growers' wool to go to the first point of processing which is the scour where it can be core-sampled, independently tested, objectively assessed and fairly priced.
"Up front there is an immediate saving of at least 13c/kg. The price is based on objective assessment of growers' wool and reflects the prevailing market rate. It is also the growers' decision whether to accept the price offered or to keep their wool in the system and hope for a price lift in future," says Townshend.
"The pricing acceptance remains totally in the growers' hands."
Actual volumes have grown more rapidly than expected and there is still some work to do on "user-friendliness", but the process is generally working very well with many repeat customers and the vast majority of our growers accepting the prices offered. WNZ will continue to keep an eye on prices to ensure that they are fair and reasonable and transparent, Townshend says.
WNZ continues to promote its new contracts, including a lamb's wool contract with UK upholstery weaver Camira, offering growers pricing in a range of $6.25/kg clean for 0.0% vegetable matter (VM).
"Obviously first prize for our shareholder growers is to lock into a supply contract but the D2S spot market option is there for wool that cannot meet the tight contract specifications set by WNZ's
customers."
Fonterra has cemented its position as the country’s number one cheesemaker by picking up nine NZ Champion of Cheese trophies this year.
New Zealand dairy processors are welcoming the Government’s commitment to continuing to push for Canada to honour its trade commitments.
An educational programme, set up by Beef + Land New Zealand, to connect farmers virtually with primary and intermediate school students has reported the successful completion of its second year.
The Food and Agriculture Organisation of the United Nations (FAO) has welcomed a resolution adopted by the United Nations (UN) General Assembly to declare 2026 International Year of the Woman Farmer.
Waikato herd health veterinarian Katrina Roberts is the 2024 Fonterra Dairy Woman of the Year.
Horticulture NZ chief executive Nadine Tunley will step down in August.
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