2015/16 Velvet Season

Conditions of Supply
When deer velvet is supplied to PGG Wrightson Deer Velvet (PGW) for sale.
These conditions apply to any Supplier and PGW
to regulate transactions where a Supplier enters
deer velvet for sale at any PGW Deer Velvet Sale.
1. The Supplier warrants that it has full and
unencumbered title to velvet supplied and
indemnifies PGW against any loss occasioned
by a breach of this clause.
2. PGW reserves the right to reject any velvet
supplied if it deems it to be unacceptable
for sale. PGW's decision as to rejection shall
be final. Accordingly PGW's decision as to
the grading of the velvet is also final and not
reviewable by the Supplier.
3. The weight of the velvet as entered on an
Advice Note is approximate only and actual
weight will be as graded at a PGW Deer Velvet
Grading Centre.
4. The Supplier may not withdraw any velvet
from sale once it is accepted by PGW, with
acceptance occurring upon the receipt by the
Supplier of an Advice Note from PGW.
5. Upon acceptance the risk of insuring the
velvet shall become PGW's, who will keep it
insured (until sale or return under clause 10) to
its full insurable value against loss or damage
from any cause whatsoever.
6. Property in the velvet remains in the Supplier
until the velvet is sold and paid for by a
Purchaser. If velvet is not sold the Supplier
shall accept velvet of the equivalent weight
and quality to that originally supplied. PGW
has no liability to the Supplier nor to any
other party for any losses or claims, including
but not limited to if the velvet is not sold;
for failure to offer the velvet in the sale
indicated; for a default by the Purchaser;
claims for personal injury; damage to property;
consequential loss (including loss of profits) or
for any loss occasioned due to a lower price
being obtained on any resale.
7. The Supplier acknowledges that upon grading
the velvet becomes mixed with other velvet
from other Suppliers and is not able to be
separately identified and accordingly the
Supplier’s rights in relation to it are in respect
to any proceeds of sale instead of the velvet
itself.
8. The Supplier gives authority to PGW to sell its
velvet on the Supplier’s behalf in the manner
and for the price deemed appropriate by PGW.
Payment of the proceeds of sale shall be made
to the Supplier within 10 business days of
grading but subject to receipt of the purchase
price from the Purchaser and after deduction
of commission and customary or statutory
charges.
9. The Supplier shall pay to PGW its normal
charges with respect to the sale of velvet from
time to time as advised by PGW. PGW reserves
the right from time to time to vary its charges
and such variations shall be binding on the
Supplier. Without limitation, PGW charges
will include freight costs to PGW, insurance
costs, grading of velvet to Deer Industry New
Zealand guidelines, offering velvet for sale and
the storage of velvet.
10. Any velvet unsold by the end of the PGW
season in any year shall be removed by the
Supplier at its cost including but not limited to
freight costs and insurance costs. In the event
that the Supplier shall not have removed such
unsold velvet by the end of the PGW season,
the Supplier shall upon demand reimburse
PGW all costs of storage at normal commercial
rates and insurance costs plus GST from such
time until such velvet is removed by the
Supplier. Upon return to or collection of the
velvet by the Supplier, risk shall forthwith
revert to the Supplier.
11. If a Supplier shall choose to enter PGW's
premises it shall do so at its own risk and PGW
shall not be in any way liable or responsible for
any accident whatsoever occurring.
12. PGW’s terms of trade for monthly trade
accounts located on PGW’s website also apply
to the extent deemed by PGW.
North Island
Depots:
South Island
Depots:
Cambridge
Dannevirke
Eketahuna
Feilding
Gisborne
Hamilton
Hastings
Helensville
Kaikohe
Kaitaia
Kumeu
Masterton
Matamata
Morrinsville
Ohakune
Otorohanga
Pukekohe
Rotorua
Stratford
Taihape
Taumaranui
Taupo
Te Awamutu
Te Kuiti
Te Puke
Waipukurau
Wairoa
Wanganui
Wellsford
Whakatane
Whangarei
Alexandra
Amberley
Ashburton
Balclutha
Blenheim
Cheviot
Culverden
Cromwell
Darfield
Fairlie
Geraldine
Gore
Greymouth
Invercargill
Kaikoura
Lumsden
Mosgiel
Murchison
Oamaru
Otautau
Palmerston
Rangiora
Richmond
Takaka
Te Anau
Timaru
Waimate
Winton
2015/16
Velvet Season
A secure, stable future is our aim
Welcome all to the start of the new velvet season. Our sincere
thanks to all who have supplied and purchased to and from
PGG Wrightson Velvet to date.
Last season we experienced a steady rise in prices that now puts
velvet production in a profitable and competitive position amongst
all other farming options. The share passion for growing velvet
amongst NZ producers has many looking for better ways to feed and
breed correct, rounded velvet that is strongly aligned to our markets.
So to maintain farmer profitability and buyer profitability we must
correctly manage our way forward using supply chain partners
such as PGG Wrightson and others to protect investments.
482b Springs Road,
Prebbleton, Christchurch 7604
Telephone: 03 344 3666
Facsimile: 03 349 0541
www.pggwrightson.co.nz
PGG Wrightson Ltd will not pay proceeds with a value of $5.00 or less by cheque. By setting up a direct credit, we can ensure your proceeds are paid to
you in a timely and trouble free manner, regardless of value. Setting this up is as easy as emailing us with your PGW account details and bank account
details to enquiries@pggwrightson.co.nz – we’ll do the rest. PGW is committed to providing you with excellent service. If you require any further
information on our services, or if you have any queries or suggestions, please contact our Customer Service Team on 0800 36 77 44, e-mail enquiries@
pggwrightson.co.nz or contact your regional office.
During September I visited our customers in both China and Korea.
What I observed in China (which prefers our spiker, regrowth and
hard velvet grades) is an adjustment in prices due to its economic
slow-down and internal trading pressures. Since the GFC in 2008,
China has been a savour for NZ velvet in terms of cash flow and
competition, which should continue but perhaps at a slower
pace. One or two major players in China hold too much control
that presents a risk to all other stakeholders. There is however a
transitional shift in wealth amongst consumers that should present
opportunities for quality NZ velvet to be branded in the near future.
On the other side or across the water, South Korea is at an exciting
new phase that if managed well will assist our growth and stability.
Healthy Functional Food (HFF) product sales that give NZ velvet
brand recognition are increasing and creating competition for the
well-established Traditional Medicine market. Sth Korea has always
been our biggest end user, but in recent years has purchased NZ
velvet from China after processing. Now, with demand for branded
products increasing, upcoming import tax reductions and the NZ/Sth
Korea FTA in place, opportunities exist to trade directly for both frozen
and dried velvet. PGG Wrightson are working closely with several
innovative companies that want to tell our story and focus on quality
in both product and people.
Our weekly Payment Schedule (PS) of defined dates for
payments to farmers will continue after being well received last
year. Our aim is to have all graded for sale velvet (Friday cut-offs)
paid out in full within 10 business days. We will retain the flexible
option for larger suppliers with their Own Sale, enabling us to
work with the market and individual supplier’s requirements.
As a valued supplier we release regular market updates
throughout the season. If you wish to receive these please email
me at tcochrane@pggwrightson.co.nz
All the very best,
Tony Cochrane
National Velvet Manager, PGG Wrightson
Earn 15 Rewards points
per kilogram of Velvet sold
through PGG Wrightson.*
Deer Team Succession in the South - Marcus Adlam
Freephone 0800 62 62 62 www.pggwrightson.co.nz/rewards
After spending many years on deer farms including that of his father, Peter Adlam, Marcus
has been a hunting guide in both NZ and Alaska.
The PGG Wrightson Deer Team are pleased to welcome Marcus on board as a trainee deer
specialist. Based in Canterbury, Marcus will spend time with our deer specialists and velvet
business to build on his knowledge of the Deer Industry.
Marcus grew up in on a Deer Farm in Tolaga Bay and attended Napier Boys' High School
before achieving a Bachelor of Commerce (Agriculture) degree from Lincoln University.
*Terms and conditions apply
www.nzvelvet.co.nz
Helping grow the country
PGW_141015
Freephone 0800 4 VELVET (0800 4 835 838)
Helping grow the country
2015/16 Velvet Season
NOVEMBER 2015
MON
TUE
JANUARY 2016
DECEMBER 2015
WED
THU
FRI
SAT
30
SUN
MON
1
482b Springs Road, Prebbleton, Christchurch 7604, New Zealand
Telephone: 03 344 3666 Facsimile: 03 349 0541
TUE
WED
THU
FRI
SAT
SUN
1
2
3
4
5
6
MON
TUE
WED
THU
Top of the
PS5
South Comp Ruapehu Cltn Oxford Comp
2
3
9
10
4
5
6
Ruapehu Cltn
PS1
12
13
11
7
8
7
17
18
19
20
14
15
14
24
25
26
27
PS4
21
22
21
28
29
28
TUE
WED
THU
FRI
1
2
3
4
5
Gisborne
Comp
17
18
29
10
11
Waitangi
Day Holiday
23
24
30
4
Kaipara
Comp
New Years
Holiday
20
11
SAT
SUN
6
7
MON
12
13
5
6
7
17
18
23
24
25
1
2
3
8
9
10
15
16
17
22
23
24
29
30
31
PS8
12
13
14
25
26
Christmas
Day
Boxing
Day
27
18
19
20
21
PS10
26
27
28
Elk Wapiti
Society Comp
PS11
WED
THU
FRI
SAT
SUN
1
2
3
4
5
6
12
13
MON
TUE
7
8
9
10
11
4
5
20
21
14
15
16
17
26
27
18
WED
THU
FRI
SAT
SUN
1
2
3
6
7
8
9
10
28
21
22
23
24
25
19
20
11
12
13
14
15
16
17
26
27
18
19
20
21
22
23
24
PS18
Good Friday
Ruapehu Cltn
28
29
29
30
31
Easter
Monday
25
26
3. LATE CUT i.e. Mostly Long top or calcified
27
28
29
3. NEEDS ATTENTION i.e. too much damage or poor storage
Supplier Options
1. Payment Schedule (PS)
– Weekly grading and payment within 10 business days
– Sold at PGG Wrightson’s discretion
PS16
PS14
1. WELL CUT i.e. On time, rounded top, market preferred
2. SATISFACTORY i.e. self explanatory
PS17
19
Presentation:
1. EXCELLENT i.e. well stored, minimal damage
PS15
14
- Rounded tops and tips are best
- Please ensure velvet is frozen promptly without denting
- NVSB tags on all 1st cut velvet, regrowth and spiker tag
the bag
- Our bags have a maximum weight of 20 kg
- All Velvet must be received frozen
- Supplier charges are $4.75/kg & 3.5%
- Reduced charges on HA1,2 and Buttons
Handling:
APRIL 2016
TUE
Features/Reminders
2. EARLY CUT i.e. Could cut slightly later
Ruapehu Cltn
25
PS13
16
SUN
PS9
31
Rising Stars
Comp
22
19
13
PS7
Waitangi
Day
PS12
15
PS6
12
MARCH 2016
MON
9
22
11
SAT
New Years
Day
Boxing Day
Holiday
FEBRUARY 2016
8
16
10
Central
Districts
North Island
Sth Cant/Nth
Comp &
Otago Comp Wairoa Comp
Hawke's Bay
Comp
15
Marlborough
Comp
PS3
23
9
National Velvet Comp
PS2
16
8
FRI
2. Own Sale
– Larger lines graded and sold in keeping with
supplier preferences
– Sold at PGG Wrightson’s discretion or suppliers
instructions
3. Hold
– Stored as ungraded (no charges until sold)
30
ANZAC Day
Proud to be major sponsors of the National Velvet Competition
2015-2016 Competitions
24 November, Hawke’s Bay
Tikokino
27 November, Sth Canterbury/Nth Otago
Timaru
27-28 November, North Island
Waipa
28 November, Wairoa
2 December, Top of the South
Darfield
4 December, Oxford
Contact PGG Wrightson Velvet
PGG Wrightson Deer Specialists and Agents
8-9 December, National Velvet Comp
Invercargill
Tony Cochrane
National Velvet Manager
11 December, Gisborne
Bushmere Arms
Phone: 0275 918 438
Email: tcochrane@pggwrightson.co.nz
13 December, Kaipara
Gordon Herrington
North Island Velvet Coordinator
Phone: 0275 974 591
Email: gherrington@pggwrightson.co.nz
Brian Duggan, Southland
Russell Cockeram, Southland
John Williams, Otago
Graham Kinsman, NZ Stud Coordinator
Brian Newall, Mid/South Canterbury
Ron Schroeder, North Cant/Marl/West Coast
Marcus Adlam, Canterbury
15 December, Marlborough
Renwick
30 January, Elk Wapiti Society
Timaru
20 February, National Rising Stars
Rotorua
Freephone 0800 4 VELVET (0800 4 835 838)
www.nzvelvet.co.nz
Vaughan Sandford
Velvet Administrator
Phone: 03 344 3666
Email: vsandford@pggwrightson.co.nz
0274 324 212
0272 286 950
0272 414 179
0274 223 154
0275 956 448
0274 321 299
0274 039 377
Independent Agents
Paul Lampp, Hawke’s Bay/Manawatu/Wanganui
Gavin Brears, Central North Island
Ian Horwell, Taranaki
Paul Harris, Waikato/Bay of Plenty
Pip Rutland, East Coast
0274 426 477
0274 969 035
0274 469 626
0274 934 965
0274 433 103
Helping grow the country