Woolgrowers educated on testing and marketing of clip

Woolgrowers educated on testing and marketing of clip


Wool
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LOCAL farmers attended a woolgrower evening in Goornong on Monday night, where they heard presentations about wool testing and marketing their clip.

LOCAL farmers attended a woolgrower evening in Goornong on Monday night, organised by KareeWool, where they heard presentations about wool testing and marketing their clip.

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The main guest speaker was Southern Aurora partner Mike Avery, who spoke about how sustainable current high wool prices are into the future, and provided insight into the financial wool contract, via the Sydney Futures Exchange, as an option for growers to manage their forward risk by establishing an agreed price, micron and quantity with an export company. 

Australian Wool Testing Authority (AWTA) Eastern Australia sampling operations manager Tim Steere also made a presentaiton.

Mr Steere presented on how an industry-owned organisation that relies on total volume of wool, managed to generate revenue when volume has decreased by almost 500 million kilograms in the last three decades.

You can read more on Mr Steere’s presentation here.

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