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Wednesday, 24 October 1973
Page: 1385

Senator O'BYRNE (TASMANIA) - The Minister for Primary Industry will recall that yesterday he answered a question directed to him relating to the assistance that was to be given in the wool sales by the Australian Wool Corporation. Has he seen the most recent reports appearing this morning that the market in Melbourne and Goulburn was very buoyant yesterday, that both Japanese and East European buyers are back in force and that the AWC had to buy only one per cent of the wool offered? Would he not agree that it would appear that the buoyancy and stability of the wool market that are being enjoyed at the present time are something that the wool growers of Australia have been seeking for more than 20 years?

Senator WRIEDT - I saw the report in this morning's Press that the Australian Wool Corporation needed to buy only one per cent of the wool offered yesterday in, I think, Melbourne and Goulburn and, as the honourable senator has said, that there had been a reintroduction of the Japanese as buyers. It emphasises once again the importance to us of the Japanese and the fact that the stability of the wool industry depends to a great degree on Japanese buying. It is very satisfactory to see the Japanese again back in the buying.

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