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Tuesday, 9 November 1971
Page: 3133


Mr IRWIN (MITCHELL, NEW SOUTH WALES) - Has the attention of the Acting Prime Minister been drawn to the fact that marked increases in wool prices have occurred in {hose types dropped by the Government support scheme? The increases range from 20 per cent to 100 per cent. I ask: Is it not reasonable that the marked increases would follow in better types of wool if the Wool Commission ceased to be an aggressive competitor? Finally I ask: Is is not time that the Wool Commission was wound up?


Mr ANTHONY - I noted a report in a newspaper today that there was supposed to be some substantial increase in the price of some types of wool. Whether this is a fact I do not know. But I do not appreciate derogatory remarks being made about the Australian Wool Commission which I feel is doing a very important job in trying to stabilise the price of wool and giving added competition within the market.

The Commission is going through a difficult period in having to buy up more wool than one would wish. But we hope that there will be an upturn in the market so that there will not be the requirement for the Commission to buy so much to maintain the present price levels. I noted a comment by the Minister for Primary Industry which was made when he was going through Japan on his way to Rome that he had bad very favourable discussions with the Japanese Wool Spinners Association and that reports given to him were that it could see increasing activity in the purchase of wool. Maybe the Commission's present difficulties will be shortlived.







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