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Tuesday, April 09, 2013

Economic conditions key to raw wool demand prospects

By Chris Wilcox  |  Source: Consensus Economics’ “Consensus Forecasts”; International Monetary Fund, US Conference Board, European Union Commission, various Government statistical bureaus.

Economic growth prospects and their effect on consumer incomes and confidence in major wool consuming countries will be the key factor in decisions by Northern Hemisphere retailers about their orders for autumn/winter 2013 and beyond. This, in turn, will be the most important determinant of raw wool demand for the remainder of 2013.

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Mecardo information is provided to assist in your marketing decisions. It contains a range of data and views on the current market. It is not intended to constitute advice for a specific purpose. Before taking any action in relation to information contained within this report, you should seek advice from a qualified professional. The information is obtained from a variety of sources and neither Mecardo nor Ag Concepts Advisory will be held liable for any loss or damage whatsoever that may arise from the use of information or for any error or mis-statement contained in this report. 

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