Home / Knowledge / News / Textiles / Australian Landmark exits wool exporting business
Australian Landmark exits wool exporting business
29
May '13
It is now widely known, the integration of Australian Viterra AgriProducts and Wool businesses into Landmark has been completed; and that Landmark has made the decision to exit the wool exporting business. This means the closure of Landmark’s own Dalgety Wool Exports operations, and of Viterra Wool Exports.

The Australian Council of Wool Exporters and Processors and its Members acknowledge that this is a commercial decision.

However, it is necessary to comment on subsequent statements in the media that “other exporters would be rubbing their hand with glee and would be rejoicing with their closures”. Nothing could be further from the truth.

Such comments show little understanding of how the wool export industry works and of the importance of maximising competition in the sale room for all in the wool industry (including exporters).

Wool exporters are very competitive by nature.. But, they also recognize the benefits that strong competition brings to the market, to growers, to other exporters and to the various service industries.

Every additional wool exporter benefits the market in a number of ways, but in particular, each adds a level of competition and brings another source of finance to the wool market.

The Australian wool industry is a $2.5 to $3 billion export industry that is financed by wool exporters, each of whom has to raise the funds to finance their businesses and carry the associated risks. The loss of any one exporter means the loss of that source of finance. In this case, it involves the loss of the finance that the largest wool exporter (Viterra) brought to the industry.

Ultimately, existing or new entrants will take over the lost financing role, but not without some cost to the industry.

It would have been much better if the remarks attributed to Mr Norton reflected on these valuable roles played by wool exporters.

Australian Council of Wool Exporters and Processors

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search