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Rising prices of wool bring new challenges
07
Mar '11
Rising prices of textile raw materials is bringing in another set of problems for the end-users.

Rising prices of wool is forcing global buyers to stand on the sidelines at auctions, as they are facing a liquidly crunch.

Wool prices have increased by nearly 40 percent from a year ago, which due to which their credit lines have dried up.

So, while they wait for their news lines of credit to be approved from existing or new banks, global buyers are unable to participate in wool auctions.

Fibre2fashion News Desk - India

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