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Olam sells wool broker, exits Australian wool business
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Angela Tan
Published Mon, Jan 12, 2015 · 09:50 PM
Singapore
BARELY six months after ceasing its wool-trading and export operations in Australia, Olam International said on Monday that it would also sell its wool-broking arm.
The move marks the Singapore commodities group's exit from Australia's wool industry amid poor margins and dwindling demand from China, its single largest trading partner.
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