Advanced Wool Marketing System Launched
June 3, 2005
June 3, 2005 -- Australian company Platinum Agribusiness has launched the Minimum Price Scheme for wool after an extensive program of product development, reported Guyra Argus, Australia.
?The Minimum Price Scheme is a product that suits the current market environment ? where producers are not happy with wool prices but where market intelligence suggests there is still a real chance they could fall even further,? commented Bill Mitchell, director of Platinum.
Participating growers receive a minimum price for quantity and micron category of their choice. Wool can be delivered at any time within a nominated period and the final price will be based on either the minimum or the market at the time of delivery ? whichever is higher.
?The scheme is designed to be simple and to suit a wide range of wool growers. It shows how modern techniques can be used to create down-to-earth products with the kind of value for growers that had come to be considered a thing of the past,? concluded Mitchell.
Full article from Guyra Argus, Australia