S. Africa ‘success’ with acquisition
Two years of wool board acquisition of the clip in South Africa have been an unqualified success, according to Mr J. C. McMaster.
Mr McMaster is a sheep and wool officer with a woolbroking firm in South Africa.
Emphasising that he was expressing a personal I opinion, Mr McMaster said] in Christchurch last week' that opposition to the j scheme from a “vociferous minority” had now disappeared. Whereas wool selling had been a gamble because of
i price fluctuations, a grower now received the same price I for a particular quality of wool regardless of when it I was sold. Over a season, however, I the grower received only the average price paid for that wool, less an administration charge of about 1c a ‘kilogram. I He received an initial payIntent set for the whole I season after he sent his wool in for sale, and later, after i price averages were deter- | mined, a final payment. In ■ the last two buoyant seasons, I interim payments had also [been made. ■ Mr McMaster said there was a system of about 300 [pools with about 900 types [of wool being identified. I There was provision to sell I wool outside the auction system, he said, but in the last [two seasons this had not ■been necessary. Stability had now been [achieved for growers, he [said, but they had not been ■ given stability in the sense [of stable international markets. That could only be achieved if Australia and [New Zealand followed a ■ course similar to South i Africa’s.
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Bibliographic details
Press, Volume CXIV, Issue 33532, 13 May 1974, Page 12
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260S. Africa ‘success’ with acquisition Press, Volume CXIV, Issue 33532, 13 May 1974, Page 12
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