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

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Claudia Kersten
Global Organic Textile Standard

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

Urs Stalder
Sanitized AG

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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
March 2017

March 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