Wool
Sir, Wool Commission stockpiling at unrealistic prices will not solve the crossbred wool problem, which is its fight for survival against synthetics. Surely the solution is to allow the law of
supply and demand to operate by naturally creating demand, so that wool products become much cheaper to buy. Here are two suggestions, stark, unpleasant, but to the heart of the point at issue: (1) During June offer at each selling centre 30,000 bales of stockpiled wool, without reserve. Thus approximately half the present stockpile would be made available to manufacturers at prices so low that they would virtually be forced to change from synthetics to wool. (Sure the price will be very low but only because of the unrealistic floor price previously set by the commission.) (2) Reorganise the commission so that it operates as a flexible organisation guarding crossbred, which must be kept slightly lower than synthetic prices. If not —curtains to crossbred wool. —Yours, etc., B. THOMPSON. May 4, 1967.
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Bibliographic details
Press, Volume CVI, Issue 31362, 6 May 1967, Page 12
Word Count
164Wool Press, Volume CVI, Issue 31362, 6 May 1967, Page 12
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