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Korean wool demand in the dumps
28 Sep 2004
South Korea continues to be a disappointing export market for woolgrowers, with Korean wool production facilities operated at only 60 per cent to 70 per cent of full capacity from January to July 2004. The Woolmark Corporation reports that new fabric orders for the 2005 summer season are reported to be slow and, as a result, capacity utilisation may decline by a further five per cent to 10 per cent. In 2003, South Korea was the third largest importer of Australian wool after China and Italy. By 2004, it fell to ninth.
The Land, 28/09/04
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