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