WOOL REVIEW
WORLD SITUATION,
PRODUCTION MAINTAINED.
(Received 9.30 a.iii.) LONDON, April 17.
Ou behalf of the Wool Statistics Advisory Committee, a review of the world’s wool situation at the end of March, issued by the Empire Marketing Board, shows that, despite five years of low prices, production is being maintained nearly level. The record -years were 1928 and 1929. The southern hemisphere countries generally have not reduced their output, although New Zealand and Uruguay have reported smaller sheep figures. American and Russian production has fallen lately, particularly the latter, whose decline might be estimated at 50 per cent of the peak production, nearly 400,000,0001bs in 1929. A feature of the export trade was Japan’s buying ot\ 180,000,0001bs in 1932, as compared with her 72,000,000 lbs in 1926, thus absorbing almost the whole of the increase in the Australian production.
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Northern Advocate, 18 April 1933, Page 6
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139WOOL REVIEW Northern Advocate, 18 April 1933, Page 6
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