WOOL USE STATIC
Cost Seen As Factor
Wool consumption a head in New Zealand is no higher than before World War 11 because of the rise in price of wool textiles.
In the third annual report of the Wool Research Organisation the director (Mr N. F. Roberts) in his review of research projects financed by grants from the organisation, says that in an analysis of factors affecting retail consumption of wool textiles in each of 30 countries, which has been begun at Lincoln [College, special emphasis has been placed on a pilot study of demand for wool textiles in New Zealand.
The pilot study shows that wool consumption in New Zealand is very responsive to incomes, to wool textile prices and to priced of non-wool textiles.
Wool consumption a head in New Zealand is no higher than before World War II because offsetting a marked rise in incomes there has been an even greater rise in wool textile prices. The major factor causing the rise in wool textile prices has been locally-produced wool textiles, which have risen far more in price than the imported products.
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Bibliographic details
Press, Volume CIII, Issue 30498, 21 July 1964, Page 19
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185WOOL USE STATIC Press, Volume CIII, Issue 30498, 21 July 1964, Page 19
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