Return
to Story Page
To print: Select File and then Print from your
browser's menu
Reuters
Sydney, Nov 18: The Australian Council of Wool Exporters said on Wednesday it welcomed the announcement by the Australian Wool Exchange (AWEX) that it would close Adelaide as a wool auction centre at the end of March next year.
The exporters body also called on AWEX to close the remaining "out" centres in Australia as quickly as possible.
Other centres which an AWEX spokesman told Reuters on Tuesday were being considered for closure are Goulburn, Launceston and Newcastle.
The council's policy for many years had been to have only one major auction centre in each region, president Claus Gyrn said.
The decision to close Adelaide would disappoint some but the wool industry must pursue every opportunity to reduce costs and improve efficiency, he said.
Various studies in recent years had clearly shown that all relevant parties, growers, brokers and buyers, would benefit from the closure of Adelaide and the transfer of its sales to Melbourne, he said.
South Australian wool will be sold by sample in Melbourne after Adelaide closes, just as Queensland wool is sold by sample in Sydney following the closure of Brisbane sales.
Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
------------------------------------------------------------
This story was printed from Net Express located at http://www.expressindia.com. Net Express provides a portal to India, with news from The Indian Express and The Financial Express along with sites on travel and tourism, the entertainment industry, the power sector, the environment and much more.
------------------------------------------------------------