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Wool: higher prices will persist

Source: Financial Times, 8th June 2011

Wool prices are rallying, but the natural disasters in Australia and New Zealand are not to blame. In spite of the fires, floods, cyclones, and earthquakes that ravaged the two countries that produce more than 30 per cent of the world's wool, volumes from the larger Australian market so far this year are 2.8 per cent higher than last year.



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