Role of the Wool Broker

Role of the Wool Broker

The open cry auction system is the main method by which wool is sold in Australia, with over 85% of the annual Australian wool clip sold through the auction system. Wool brokers are the agents for woolgrowers in selling their wool, and are the auctioneers for their client’s wool. They also provide vital services to the Australian woolgrower, including farm supplies, advice, market information and market intelligence, assistance with forward selling, clip preparation, ram selection and so on. Below is a full list of the functions and services from wool brokers to woolgrowers and buyers in Australia.

BUYER SELLER
Post Sale Ship Finance
Showfloor Guaranteed payment for the seller
Catalogues Cost efficiency
Salerooms Rural supplies
WiFi Finance and logistics
Transfer of Ownership Warehouse logistics
Del Credere insurance Quality control
Transport Mediation
Meals Market Information and Intelligence
Sample inspection Classing
Bale inspection Stationery
Repacking, weight adjustment Market reports and clip analysis
Blending Risk management
Decotting Bulk classing
Quality guaranteed Interlotting
Analysis Production advice
Centralised storage Livestock support
Lot building Field days
  Coring
  Testing
  Training employment
  Efficient logistics
  Collection of levies and proceeds
  Relationships
  Market development
  Data entry
  Cost efficiency

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The National Council of Wool Selling Brokers of Australia

 

National Council of Wool Selling Brokers of Australia

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