Optimistic View
High wool prices during the first half of the new season have been forecast by the Australian Bureau of Agricultural Economics. The optimistic price outlook is based on declining stocks in the main wool producing countries and the prospect of only a small increase in world production. Future trends for wool were outlined in the bureau’s publication “The Wool Outlook.” In the coming year the Australian clip is estimated to be 1631 m lb —a decrease of 9m lb. Increases are expected in the New Zealand, Russian, South African and Argentinian clips, no change is expected in Uruguay, and a small decline is expected in the United States. But “The Wool Outlook” said there would be further growth in the world textile industry up to the end of 1966.
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Bibliographic details
Press, Volume CVI, Issue 31143, 20 August 1966, Page 8
Word Count
131Optimistic View Press, Volume CVI, Issue 31143, 20 August 1966, Page 8
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Acknowledgements
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