Wool may be in short supply as Australian production falls and European demand improves, according to an industry group in South Africa, the world’s second-largest producer of the fiber for the textile market.
“There is a significant worry developing among users of wool that there will be a shortage of supply,” Andre Strydom, general manager at Cape Wools SA in Port Elizabeth, South Africa, said by phone on Jan. 12. A worldwide scarcity of cotton also is stoking demand, he said.
