New pricing tool for NZ strong wool ￼
Wool sector entity Wool Impact and data company Fusca have joined forces to re-establish a strong wool price indicator. The organisations said they have recognised the need to develop a representative strong wool price indicator that provides a visible and consistent benchmark for the sector and allows them to monitor the impact of work being undertaken to drive demand and value.
Start-up Fusca said it has the technology to develop a commercial data platform that will provide farmers and the wool supply chain with more detailed and accurate pricing data based on the weekly wool auctions and export data.
Fusca’s chief executive and co-founder, Ryan Cosgrove, said he has first-hand experience in the wool sector and knows the importance of reliable and relevant data.
His vision is to make it an easy and simple process to connect farmers to market data through Fusca.
Source: Wool Impact