SA wool exports to China hit record

SA wool exports to China hit record

JOHANNESBURG – South Africa, the world’s second-largest exporter of apparel wool, posted record wool exports to China during the 2008/09 season, an industry body said yesterday.

Exports of unprocessed wool to the Asian nation grew 53 per cent to 21,2 million kg from 14 million in the 2008/09 season, Cape Wools said in a statement.’The total value of the wool shipped to China amounted to 622,7 million rand (US$80,21 million), which is slightly down on the previous season due to lower wool price levels, h the organisation said.It said total export volumes of partly processed wool had dropped to 27,2 million kg from 29,4 million in 2007/08. South Africa mainly exports unprocessed wool to China, and also smaller quantities of scoured wool and wool top. – Nampa-Reuters

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