SOUTH AFRICA: Wool Export Earnings Surge To $104m
Strong prices and a weak rand sent South African wool export earnings soaring to $104 million in the 2001/2002 season, figures from the independent association of wool growers revealed on Thursday. Cape Wools said that despite a 50 per cent fall in wool output over the past 10 years to around 48 million kg, a weak currency and rising prices pushed export earnings past the 1.1 billion rand mark last season.
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