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Himalayan Times — 1954

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https://doi.org/10.11588/diglit.22461#0566

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December 5, 1954

THE WOOL TRADE-A REVIEW

Wool ocoupies an im- elusions regarding the U. S. has been computed
portant place among the trends in wool economy. at 11 lbs., 6 6 lbs., 4.8 lbs
world's chief commodities According to this Organi- and 4*4 lbs. respectively,
and its production has zation, the present world The rise in the living stan-
increased from 3788 million wool situation has been dards of the backward
lbs. in 1934-38 to about showing a better balance regions is likely to give
4,002 million lbs. at pre- than at any time in the considerable fillip to the
sent. The consumption of postwar year. The foreign world trade and the woolen
wool by the mills has also trade in wool has expan- industry An important
increased from about 2,000 ded since the post waryears. part has be-an played by
million lbs. in the pre war The wartime stocks of the Commonwealth coun-
year to over 2,400 million wool were exhausted in tries in the world wool
]bs. in recent years. So 1950 and there was an production. The status of
far as the per capital con- increase of 5% in the wool in world economy
sumption of wool is con world trade in wool since has been reflected in the
' cerned, it has increased that time So far as the position it occupies from
• from .9 lb. in. 1938 to IT question of supply is con- early times as one of the
lb; in 1950. But it is cerned, the Dominion Wool major commodities in in-
very necessary to realise has contributed an increas- ternational trade. The
that fluctuations in the ingly larger share of the world's sheep population
output and the use of wool total world trade. The is estimated at over 75
have caused some violent trade in South American crores and the world out-
chariges in prices. From wool has been adversely put of wool at about
1946 to 1950, the world affected by currency and 4 000 million lbs. annually,
consumption was running trade difficulties. With Of these totals, the British
20 per cent ahead of pro- the devaluation of, the Commonwealth claims the
ductjon The wartime Argentine Peso for wool niajor part, as it possesses
bhortage of textiles and exp rts in July 1952. these approximately l/3rd of the
the high, level of rural stocks were reduced. There sheep and produces nearly
income in the postwar was a substantial increasei J the wool ami furnif-hes
period had stimulated con- in the wool exports in the bulk of the exportabe
sumption. As it is already 1952 53. Tak ng into con- surplus. The postwar boom
known wool interests all . sideratinn the demand, in textiles was extended
over the world have been \ there has been an increase by the strong bying move-
facing some striking chan- in the imports o' wool ment after the out rp'ak
ges to rising and falling by the U S. more than in of the Korean conflict,
.prices and increase and many other commoditeis, The wartime accuraula-
decrease in production as it is the effective demand tions of wool stocks had
well as consumption. After that really counts in the been exha-isted by this
a careful study of the fixation of the price for time. There was new de-
trends in wool economy. wrol. mand for defence purpo.-es
the U.N. Fond and Agri- The per capita consump- of the western nations,
cultural OrgamVat on has tion in New Zealand, the ' This gave rise to wool
come to important con- U. K„ Canada and the -{Continued on page 10)
 
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