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Chinese wool imports will be affected by expectations of processors

[2008-4-2]

Chinese imports of raw wool from Australia will be affected by expectations of Chinese processors about next year US orders for wool products. Any perceptions on the part of the Chinese buyers of softening in US demand for wool apparel and textiles could translate into lower Chinese imports of raw wool, thereby putting downward pressure on Australian wool prices, Abare said.

While China is the largest importer of raw wool, the US is the largest export market for woollen products.

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