WPI - Act on the Market Signal

 
8 September 2009

WPI - Act on the Market Signal

Wool exporters say that Wool Partners International should be wound up immediately.  They say that rejection of the wool levy is a clear indication that the market interference programmes undertaken by Meat and Wool New Zealand and the Wool Industry Network were not supported by wool growers.

“We have heard plenty of talk from Mike Petersen and WPI about market signals.” Wool Exporters Council executive manager Nick Nicholson said today.

“Well, market signals don’t come any clearer than the one they have just been given by growers.  I hope that they are listening and more to the point, that they take immediate action in response to it.

“So far, WPI hasn’t done anything positive in wool marketing.  All they have done is criticise and undermine the rest of the trade and mount an attack on Elders, who are actually doing something in the small US market, while WPI have been full of rhetoric and hype but little else.”

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