Meaning of woolbuyer | Babel Free

Definitions

A person who buys and evaluates the quality of wool before selling it to a third party.

Australia

Examples

““Ackworth? Oh—that was the old woolbuyer, wasn’t it?” He laughed. “Couldn’t stand⟳ me, and used to be damned rude at times.”

“Normally the woolbuyer is given an order⟳ which specifies the required quantity and quality and his commission and price limits, but other arrangements which specify⟳ the price before the auction has taken place⟳ have⟳ slowly become⟳ more common.”

“Henry Hopkins, on the other hand, arrived as a free settler. He had a background of 16 years as a woolbuyer in England, but saw⟳ better prospects in ironmongery in Hobart where he set⟳ up shop⟳ in 1822 on the corner of Elizabeth and Bathurst streets.”

“In 1822 however, a wool trader, Henry Hopkins, set⟳ sail⟳ for Van Diemen’s Land⟳ to become⟳ Hobart Town’s first woolbuyer.”

“A wool buyer is responsible for assessing the quality of wool samples and managing the purchasing process⟳. Buyers have⟳ a deep understanding of the wool industry and are the connection between woolgrowers, brokers and the final customer. Their role is to purchase⟳ the quantity and quality of wool specified by their customers for the best price possible.”

CEFR level