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Body proposes voluntary royalty from wool farmers
18 May '10
1 min read
The New Zealand Council of Wool Interests has suggested a new voluntary cess of 0.24 cents per kg, which will be added to wool testing charges, to help the wool sector pay for marketing and training initiatives.
According to a representative of the wool body, wool growers will not have issues with this royalty payment, since it is purely voluntary, along with which the cess will be used for only commercial purposes.
However, Wool Partners International has backed out from the proposal, since it has introduced its own marketing programme. Wool Partners has introduced a 3 percent market development fee, which works out to about 7 cents a kilo at current prices.
According to a representative of the wool body, wool growers will not have issues with this royalty payment, since it is purely voluntary, along with which the cess will be used for only commercial purposes.
However, Wool Partners International has backed out from the proposal, since it has introduced its own marketing programme. Wool Partners has introduced a 3 percent market development fee, which works out to about 7 cents a kilo at current prices.
Fibre2fashion News Desk - India
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