Outlook For Wool
Discussing long term prospects for wool at a field day held by the Cheviot Farm Improvement Club this week Professor B. P. Philpott, professor of agricultural economics at Lincoln College, said that while the outlook was good, they certainly would not expect a continuance of recent price levels, but rather an average round the 1962-63 levels of, say, 42d per lb average for the New Zealand clip.
Professor Philpott said that this forecast was based on careful analysis of past trends done at Lincoln and projections into the future in which the key assumption was the rate of increase of synthetic fibre production. While there was no doubt that synthetic fibres presented the greatest threat to wool, in the detailed projections made at Lincoln, allow’ance had been made for reasonable rates of increase of synthetic production, and they still came out with a favourable answer for wool prices.
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Press, Volume CIII, Issue 30442, 16 May 1964, Page 8
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151Outlook For Wool Press, Volume CIII, Issue 30442, 16 May 1964, Page 8
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