New Commitment programme for Wools of New Zealand

Published: Thu 13 Nov 2014 02:58 PM
New Commitment programme for Wools of New Zealand
Wools of New Zealand has rolled out an annual wool commitment programme for its growers which it believes is an industry first.
The STAPLE® programme is the latest initiative for the grower owned wool marketing and sales company following implementation of its successful Direct to Scour (D2S) model and more recently, its Stable Price Mechanism, a model aimed at minimising wool price volatility between growers and clients.
Wools of New Zealand Chief Executive Ross Townshend says “the aim of the programme is to provide certainty of supply to customers direct from growers, allowing planning and confidence of meeting contracts. It’s an important tool in reducing price volatility and improving sustained, predictable returns and commercial certainty to our shareholders’ and customers’ businesses.”
Mr Townshend says the programme, which was road tested with the company’s grower advisory panel first, has been structured to the benefit of the company’s 1,000 plus shareholders and supporters, with benefits including:
• Preferential access to WNZ and Laneve supply contracts
• A rebate on achieving annual supply commitment of wool
• Immediate communication on contract supply options and specifications as they become available
• Participation in the WNZ ‘Grower of the Year’ Award.
Mr Townshend says the grower of the year award is also a first for the company. “The programme will allow us to identify one exceptional grower annually who will be rewarded for supporting the company’s strategy through commitment of quality wool. This may include an in-market visit to one of the company’s key markets.
“Long term supply and commitment programmes are a necessary part of a sustainable wool industry going forward, serving to directly link growers with customers. As an industry we have been slow to provide much needed direction to our growers. We are prepared to take the lead in that respect.”
The STAPLE brochure can be viewed and downloaded at

Next in Business, Science, and Tech

Snail's pace: Aucklanders face frustrating commute over Harbour Bridge
COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy
By: Statistics New Zealand
Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate
By: Joint Press Release
Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea
By: Ministry For Primary Industries
New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand
By: IDC New Zealand Ltd
Public Transport Distancing Requirements Relaxed
By: Ministry of Health
New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs
By: New Zealand Hemp Industries Association Inc
One In 14 Employed People Report High Risk Of Losing Jobs
By: Statistics New Zealand
ASB Quarterly Economic Forecast Shows NZ Economy Doing Better Than Expected, But Challenges Remain
Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea
FMA Releases Report Into Active And Passive Fund Management
By: Financial Markets Authority
Engineers Assess Damage To Auckland Harbour Bridge After Truck Strike
By: NZ Transport Agency
Motorists Urged To Avoid Damaged Auckland Harbour Bridge
By: NZ Transport Agency
Harbour Bridge: Public Transport A Great Option And Plan Ahead
By: Auckland Transport
Second Harbour Crossing Needed Now, More Than Ever
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media