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Wool May Run Short as Australian Output Drops, Cape Wools Says

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.