Wool Must Increase
About 30 per cent, more wool would be needed in the next 10 years to meet demand, the managing director of the International Wool Secretariat (Mr W. J. Vines' said in London, according to the weekly newsletter of Dalgety and New Zealand Loan, Ltd. Mr Vines said the future price of wool would always bear some relationship to the price of competitive fibres.
“I believe wool can stand a higher price because of its superior qualities." he said. “At the moment it is my view that man-made fibre organisations are not inclined to lower their prices." Wool production had increased by 40 per cent, from 1950 to 1960. On the other hand, wool’s position as a fibre fell from 12 per cent, to 10 per cent, of total fibre consumption, he said. "The ability of man-made fibres to increase production is naturally greater than that of the wool industry." Mr Vines said. “They merely have to expand machinery but with wool you need more land and sheep and
have to grow the wool. I hope over the years ahead that the wool industry will continue to increase its production.”
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Bibliographic details
Press, Volume CI, Issue 29803, 21 April 1962, Page 6
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192Wool Must Increase Press, Volume CI, Issue 29803, 21 April 1962, Page 6
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