Wool minimum up 20c
PA Wellington The average minimum price for wool for the 198586 season has been raised 20c a kilogram clean to 443 c a kilogram clean (330 c greasy). The Wool Board said yesterday that this was an over-all average increase of 4.7 per cent on last season’s minimum price of 423 c clean (315 c greasy). The , minimum price scheme is an income stabil-’ isation plan for woolgrowers, funded by them and administered by the board on their behalf-
If the auction market price growers receive for various types of wool fails to reach the appropriate minimum price, the board will, under the scheme, supplement the market price received by woolgrowers up to the minimum level. Such supplementation is independent of the board's market intervention activities at wool auctions where it may bid for, and buy, to achieve stable prices. The new level will apply at all auction sales from and including the Wellington and Christchurch sales on August 8.
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Press, 2 July 1985, Page 3
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164Wool minimum up 20c Press, 2 July 1985, Page 3
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