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New Economic Factors To Affect Demand For Wool


The global economic slowdown in the wake of the war against terrorism might adversely affect the demand for raw wool and woollen products with a consequential decline in prices.

According to a market report issued by Woolmark (formerly, the International Wool Secretariat), new economic factors have increased the risk of an upset in the delicate balance in the wool market over the next three-six months.

The terrorist strikes in the US on September 11 did not have an immediate impact on the raw wool market.

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First Published: Sat, November 03 2001. 00:00 IST