Wool Partners Co-operative is making fresh moves to win more control of the wool trade.

Farmers who supported the first unsuccessful fund raising effort are being consulted again. The Co-operative is planning to issue a new prospectus.

Wool Partners Co-operative failed in its first attempt  to buy the Wool Partners International company from PGG Wrightson. The Co-operative was unable to raise the financial and wool supply commitment needed from farmers.

Co-operative representative Mark Shadbolt says the long-term aim is still to have full ownership of the wool marketing company, handling at least half of the country's strong wool clip.

“We’ve got strong support from the growers, strong wool growers who are prepared to commit their capital.

“The message we’ve had is certainly that they want us to get underway.

“We’ll start with a lot lower threshold, but the aim is still eventually 50% of the clip.”

However, Mr Shadbolt says it will consider doing that in stages this time and will also look at the potential for involving other interests in the venture.

“It won’t necessarily be a requirement to commit your wool at this next stage, we’re looking for the shareholders that want to invest in capital, if we’re offering the best deal they will want to give their wool to us.

“But we will handle wool from people that are non shareholders too.”