Woolgrowers Satisfied With Present System

Press, Volume CII, Issue 30146, 1 June 1963, Page 5

Woolgrowers Satisfied With Present System

* (Special Correspondent N.ZP.A)

' LONDON. May 30 Woolgrowers in New Zealand were completely satisfied with the floor price scheme, operating in conjunction with the auction system by the New Zealand Wool Commission, the chairman of the New Zealand Wool Board 'Mr J. D. Acland) told the thirty-second annual conference of the International Wool Textile Organisation, meeting at Palma, Majorca. “In New Zealand there is faith in the auction system generally. Some problems have arisen in New Zealand from the fact that buyers cannot always obtain their requirements of good length wool. This is due to increases in production of second-shear wools which now amount to a quarter of a million bales annually," he said. Mr Acland said New Zealand recognised there must be. in the years ahead, many more auction sales each season than at present. They had planned five additional sales this year, and they

recognised the need to restrict the size of the offerings at each sale. New Zealand had confidence in the future of woof, and in the last 10 to 12 years had increased production by 200 million pounds. If prices for wool in the future were profitable to growers, he felt sure New Zealand would continue to increase production.