WORLD’S WOOL

Greymouth Evening Star, 28 July 1932, Page 7

WORLD’S WOOL

INTERESTING SURVEY [by CABLE —PBESS ASSN. —COPYBIGHT. J (Recd. July 28, 11.30 a.m.). LONDON, July 27. , The Empire Marketing Boqrd has 1 issued a two hundred page elaborate statistical survey of Empire and foreign production of wool. It estimates that the world’s sheep population is eight hundred millions, producing 3,500 to 4,000 million pounds weight of wool annually, of which 1,500 millions, including the world’s best, comes from Australia, South Africa and New Zealand. After reviewing the production and prices of the past {forty years, it concludes: There has been no exceptional increase in the sheep population and wool production in recent years. The Empire has maintained its share of sheep at one-third, and wool production at half. The Empire wool export trade is two-thirds of the world’s total. There is no abnormally large accumulation of stocks of raw wool in the principal exporting countries, and no large stocks have been , accumulated in the effort to maintain prices, while proposals to restrict sales and stabilise prices have been vigorously opposed.