Record World Production of Wool Forecast for ’88
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From Reuters
LONDON — World wool production will probably rise 2.1% this year to a record 3.12 million metric tons, reflecting big increases in Australian and Chinese production, the Commonwealth Secretariat said Monday.
Chinese production has jumped 14% to 208,000 tons because of the government’s campaign to boost productivity. In New Zealand, the No. 3 producer, the clip is up to 355,000 tons from 350,000 last year, boosted by above-average fleece weights and a larger number of lambs.
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