FLOOR PRICE FOR WOOL
Establishment In Queensland (N4E. Press Association—Copyright) (Rec. 11 p.m.) BRISBANE. July 2. The principle of a reserve price scheme for wool suctions in Australia was apiwoyed today by the United Gnmers’ Association's annual decided that neOdirftebring gtabilityto the! market. JGriziers expressed eohcern at the harm to alt phases of the .wool industry done by big price fluctuations. The move for the reserve price system, which would lei growers fix the minimum price * they would accept for their clip, was initiated* by three Queensland district associations—Central aijd Northern Maranoa, and South West Mr F. Spencer Smith introduced the resolution, which he said could bring about a national policy change by giving a lead to other State associations. The new U.G.A. president (Mr P. Bell) said: “It is high time that the woolgrowers of Queensland gave a lead on this."
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Bibliographic details
Press, Volume XCVIII, Issue 28937, 3 July 1959, Page 11
Word Count
142FLOOR PRICE FOR WOOL Press, Volume XCVIII, Issue 28937, 3 July 1959, Page 11
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