28 Jul 2010

Nil result in wool industry restructuring talks

7:50 am on 28 July 2010

Wool Services International says talks to restructure the industry have come to nothing.

The company considered several proposals, which included merging with other wool exporters.

WSI says it's already rationalised its scour business and is confident of its position in the industry.

Recent negotiations to merge two competing farmer wool supply cooperatives, also came to nothing.

WSI says it hopes a new umbrella wool organisation that has been formed, will unify the fragmented industry and make it more profitable.