21.   Australian wool farmers are tentatively predicting recovery from a three-year crisis as growing demand in Japan, China and Western Europe forces prices dramatically higher.

22.   Australian wool prices, which surged earlier this year, slipped for the seventh week in a row as the Australian dollar made further gains against its US counterpart.

23.   Chinese Foreign Trade Minister Wu Yi has said there is no possibility of China lowering its import tariffs on Australian wool, despite growing pressure from Canberra.

24.   Dealers are hoping the high prices will not discourage Chinese buyers, who import large quantities of Australian wool.

25.   Weaker demand for Australian fine wool also weighed on world prices.

26.   Wool prices, she noted are fixed by the Australian wool market.

27.   On Thursday Chinese Foreign Trade Minister Wu Yi said there was no possibility of China lowering its import tariffs on Australian wool, despite growing pressure from Canberra.

28.   The Australian wool market has ground to a halt for Easter, with no auctions in the country this week.

29.   The Australian wool market was shut again for the ce.

30.   The Australian wool market staged a modest recovery this week thanks to a jump in Chinese demand.