World Wool Situation

Stratford Evening Post, Volume II, Issue 223, 19 April 1933, Page 3

World Wool Situation

Press Association. —Copyright. London, April 17— A review of the world wool situation at the end of March has been issued by the Empire Marketing Board on behalf of the wool statistics advisory committee. It seems that despite five years of low prices production is being maintained almost at the level of the record years of 1928-29. The southern hemisphere countries generally have not reduced their output, although New Zealand and Uruguay have reported smaller sheep figures, but United States and Russian production has fallen lately, particularly the latter, whose decline may be estimated at 50 per cent, of the peak production —nearly 400,000,0001 b in 1929. A feature of the import trade has been Japan's buying of in 1932, compared with 72,000,0001 b in 1926, thus absorbing almost the whole increase in Australian production.