NZ wool suppliers benefit from long-term contracts (New Zealand)
Entering into long-term contracts is protecting merino wool suppliers in New Zealand from price fluctuations, according to fine wool marketing company, New Zealand Merino.
After witnessing a sharp increase in prices last year, wool prices have declined this year owing to unfavourable exchange rate and financial crisis in Europe.
Although the situation has hit the fine wool market, the demand and prices are stable in outdoor clothing segment, where the company manages long-term supply contracts between major retail brands and wool growers, John Brackenridge, Chief Executive of New Zealand Merino, said.
He said wool farmers have signed long-term contracts worth about NZ$ 100 million for supplying merino wool to clothing brands. He added that these contracts are providing a degree of stability to both parties.
He further stated that companies like SmartWool, Ibex and Icebreaker have sharply hiked the long-term price they are offering to wool growers.
After witnessing a sharp increase in prices last year, wool prices have declined this year owing to unfavourable exchange rate and financial crisis in Europe.
Although the situation has hit the fine wool market, the demand and prices are stable in outdoor clothing segment, where the company manages long-term supply contracts between major retail brands and wool growers, John Brackenridge, Chief Executive of New Zealand Merino, said.
He said wool farmers have signed long-term contracts worth about NZ$ 100 million for supplying merino wool to clothing brands. He added that these contracts are providing a degree of stability to both parties.
He further stated that companies like SmartWool, Ibex and Icebreaker have sharply hiked the long-term price they are offering to wool growers.
转载本网专稿请注明出处“中国纺织网”
编辑：纺织网
「相关报道」
免责声明：浙江网盛生意宝股份有限公司对中国纺织网上刊登之所有信息不声明或保证其内容之正确性或可靠性；您于此接受并承认信赖任何信息所生之风险应自行承担。浙江网