;
Home / Knowledge / News / Textiles / Leading wool exporter now branches out into auctioning
Leading wool exporter now branches out into auctioning
21
Aug '08
Segard Masurel, a global wool company, which has exported New Zealand wool for nearly 101 years with paramount operations in Australia, Belgium, France and South Africa, will commence its own wool auction next month as part of the strategy to provide wool growers with new alternatives.

The first Masurel Direct catalogue will go to auction in Napier during September but in addition to an interest in auctioning, the company, which directly buys huge quantities of wool from farmers, will continue to offer farmers shed selling and long term contracts at fixed or indexed prices.

This new initiative is essentially an expression to the dissatisfaction of wool growers with regard to the dampened prices of the fleece in the recent years. Segard's expansion through auction also promises that its supporters would receive greater feedback from local and international mills who will also take account of price premiums.

This apart, the new initiative would also provide wool growers with an option to auction wool apart from the traditional practice of selling wool directly from the farm.

Segard Masurel is one of the leading wool exporters of New Zealand with an annual turnover of around 200,000 bales in three key markets including domestic carpet manufacturing, China and Northern Europe. However, the company also has a diverse range of clients in another 40 countries.


Must ReadView All

Courtesy: Lululemon

Apparel/Garments | On 16th Dec 2018

Lululemon’s net revenue up 21% in Q3 2018

Lululemon Athletica Inc, a healthy lifestyle inspired athletic...

Courtesy: Walmart

Apparel/Garments | On 16th Dec 2018

Rakuten, Walmart start Walmart ecommerce store in Japan

Rakuten and Walmart have joined hands to start the first Walmart...

Courtesy: H&M

Apparel/Garments | On 16th Dec 2018

H&M Group's wage summit discusses fair wages

The textile and fashion industries were brought together by H&M Group ...

Interviews View All

Yash Maniyar, Rekha Maniyar

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Top executives, Textile industry

Top executives
Textile industry

Denimsandjeans India 2018

Anvita Mehra, Confidential Couture

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marcello Galvanin,

Marcello Galvanin

Galvanin has more than 50 years of experience in the production of textile ...

Larry Fontana,

Larry Fontana

Italy-based Lafer SpA is one of the most innovative surface finishing...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Rupa Sood and Sharan Apparao, Nayaab

Rupa Sood and Sharan Apparao
Nayaab

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

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

Leave your Comments


December 2018

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

news category


Related Categories:

Advanced Search