(Bloomberg) -- Wool prices in Australia, the
world's biggest producer and exporter of the fiber, may fall
after China's government stopped taking import applications,
according to a grower-owned forecaster.
``There is talk of price falls of between 5 and 10
percent,'' said Chris Wilcox, the chief economist at Woolmark
Co., in an interview from Melbourne. ``The fears are that mills
that want to buy wool won't be able to get access to a quota to
be able to import wool.''
Read more at Bloomberg Commodities News
world's biggest producer and exporter of the fiber, may fall
after China's government stopped taking import applications,
according to a grower-owned forecaster.
``There is talk of price falls of between 5 and 10
percent,'' said Chris Wilcox, the chief economist at Woolmark
Co., in an interview from Melbourne. ``The fears are that mills
that want to buy wool won't be able to get access to a quota to
be able to import wool.''
Read more at Bloomberg Commodities News
No comments:
Post a Comment