Wool Production Trends

Otago Daily Times, Issue 27568, 9 December 1950, Page 4

Wool Production Trends

World production of all wool is. ex* pected to total in the current season 3.979,000,0001 b, greasy basis, which is 41,000,0001 b more than last season’s production and about 5 per cent, more than the immediate' pre-war average. The output in Australia is expected to rise this season, but little change is expected in the weight of the New Zealand, South African and South American clips. The world output of crossbred wool in 1950-51 is expected to increase for the third successive ’season to a total of 1,781,000,0001 b greasy, which is substantially larger than the pre-war average. These figures have been supplied to the New Zealand Wool Board by the International Wool Study Group,, representing 27 nations, which met in London in October to consider the world wool situation

The group estimates that the 1950-51 clip of apparel wool and JO stocks will provide supplies sufficient to support consumption of 1.954,000.0001 b in 1951. This would be 10 per cent, less than the rate of consumption in the first half of the present year, but the group expects that consumer resistance will help to reduce consumption of virgin wool sufficiently to bridge the apparent gap between supply and demand.