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WOOL | 1 March 2010

Solid Chinese Retail Demand Supports Wool


 

Solid domestic retail sales of wool clothing in China have been reported in the February edition of the Wool Economic Focus

This demand has helped support business conditions and demand for raw wool in China’s wool textile industry. These sales have offset a sharp decline in wool clothing exports from China in 2009. As a result, wool supplied to China rose in 2009 despite a drop in domestic wool production and seems set to lift again in 2010, although rising stocks could be a constraint as could resistance to the high wool prices in US$.



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