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AWI board considering Wool Exchange Portal report recommendations

by Sheep Central, 08 May 2017

AUSTRALIAN Wool Innovation is still considering a business case report on its proposed Wool Exchange Portal, received at the AWI board’s last meeting on April 28.

The AWI board received a business case report, including cost-benefit analysis, from the WEP working group led by chairman Will Wilson.

Mr Wilson told Sheep Central the working group had made a report to the board, based on AWI director requests outlined at the 2016 AWI annual general meeting. AWI chief executive officer Stuart McCullough then said the working group had been asked to present a business case, cost estimate and development timeframe for the WEP, plus a cost-benefit analysis.

“We presented to them and they’ve asked to opine for some time on it,” Mr Wilson said.

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Mr Wilson said the working group had also made recommendations on the WEP, but was not able to give any details until AWI released a statement.

“I’m in the dark as to where they are with those (WEP recommendations).”

AWI shareholders have been told raw wool would be available for ‘24/7’ purchase via a bulletin board within the WEP. Mr Wilson told the AWI annual general meeting the group’s vision for the WEP was for it to be “the primary and universal online entry point for wool growers to access industry information data, selling choices and trading opportunities, provided by a collaboration of wool industry stakeholders.”

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