Japan Buyer Pulls Out: Australian Wool Market Unravels

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Japan Buyer Pulls Out: Australian Wool Market Unravels

Postby Mulboyne » Mon Sep 10, 2007 4:57 pm

ABC: Japanese wool giant closes
In a move that has shocked the wool industry, one of the world's leading wool traders will close down within six months. The Japanese company, Itochu Wool, began operating in Australia in 1957. It became the largest buyer of wool at Australian auctions in the 1960s and held that position for the next 40 years. But the Itochu Corporation has now announced its wool arm will be liquidated. Australian Wool Growers Association's Martin Oppenheimer blames declining wool production and poor industry leadership. "It's certainly a sad day for the wool industry, and it's certainly a sign of decline and we've really got to address this issue of sheep numbers and wool production," he said...more...
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Postby dimwit » Tue Sep 11, 2007 9:36 am

Do people actually use much wool in Japan? I thought everything was polyester. Given the summer I don't even want to think about wearing wool -I'll leave that to Boothe.:p
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Postby Greji » Tue Sep 11, 2007 10:35 am

dimwit wrote:Do people actually use much wool in Japan? I thought everything was polyester. Given the summer I don't even want to think about wearing wool -I'll leave that to Boothe.:p


If they would have used their head and stayed with goats, they wouldn't be having this problem!

Dimmer, you still coming to Tokyo? Give a PM if you are and will have time for pint.
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Postby emperor » Tue Sep 11, 2007 10:38 am

dimwit wrote:I don't even want to think about wearing wool -I'll leave that to Boothe.:p


I wish I could quit Ewe
[size=84]Every fight is a food fight...
...when you're a cannibal[/SIZE]
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Postby dimwit » Tue Sep 11, 2007 10:44 am

gboothe wrote:Dimmer, you still coming to Tokyo? Give a PM if you are and will have time for pint.
:cool:


I was up on the weekend be I was really busy and didn't have the time for much other than I little bit of shopping. But I will be up there again November 9-11 so I could definitely get out than.
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Postby Greji » Tue Sep 11, 2007 5:34 pm

dimwit wrote:I was up on the weekend be I was really busy and didn't have the time for much other than I little bit of shopping. But I will be up there again November 9-11 so I could definitely get out than.


PM when your schedule is finalized and we'll get some of the people together, except for GomiGirl who's a pervert.
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Postby GomiGirl » Wed Sep 12, 2007 2:34 pm

gboothe wrote:PM when your schedule is finalized and we'll get some of the people together, except for GomiGirl who's a pervert.
:cool:


Hey - I resemble - oops - I mean resent that comment!! :p
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