Leicester Opening Sale Reflects Tight Wool Market
Reports from Leicester show a brisk opening sale with clearances strong yet buyers scarce for 66s and fine wools amid a firmer market. In Sydney and Moscow indicators point to rising wool output and evolving trade dynamics as Argentina and Japan explore favorable rates and export flows.
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Bank of NSW assesses world food needs and policy aims
In a Quarterly Review the Bank of New South Wales argues for elastic food policies in developed nations to raise purchasing power and cut production costs. It says surplus food in rich countries should be managed as disaster reserves and stresses aid from UN FAO and Colombo Plan to boost output in undernourished regions.
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United Nations Food and Agricultural Organisation
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