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Lanolin prices upped on wool grease supply constraints. (Markets: Oils, Fats & Waxes).
Chemical Market Reporter
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June 16, 2003|
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COPYRIGHT 2003 Schnell Publishing Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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MAJOR SUPPLIERS of lanolin in the US increased product prices earlier this year based on continued limited availability of its raw material, wool grease, a by-product of wool scouring. Lower wool inventories in both Australia and the US have sustained high wool prices for some time, which have also kept wool grease prices high. Dampened worldwide demand for wool in the retail market is the major factor for declining global wool stockpiles and, in turn, lower wool grease inventories.
Demand for wool in the global textile industry has declined over the past few years ...
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News Wire article from: AKIpress News Agency
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