Wool Prices Forecast
(NZ.P.A.-Reuter— Copyright) WASHINGTON, March 8. The United States Department of Agriculture has forecast that world wool prices will decline moderately in the remainder of the 1962-63 marketing year. The lower prices would be caused by increasing competition from synthetic fibres, it said.
Prices would fall in spite of the fact that world wool supplies at the start of the marketing year were estimated to be 40 million lb below those on April 1, 1962.
The reduced supplies were because of both lower world output and carry-over stocks, the department said.
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Bibliographic details
Press, Volume CII, Issue 30076, 9 March 1963, Page 18
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93Wool Prices Forecast Press, Volume CII, Issue 30076, 9 March 1963, Page 18
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