Wool Prices Rise, Helped by Outerwear and Activewear

Wool prices in key Australian markets drifted higher in October and November in U.S. dollar terms. The benchmark Australian Eastern Market Index (EMI) was $4.09 per pound for the last week of November, up from $4.03 at the end of October and $3.90 in September, but remaining well below the peak of almost $4.90 per pound reached in early June.

A strong U.S. dollar helped firm prices, as did a pickup in demand for wool in the outerwear and activewear segments.

The popularity of double-faced woolen fabrics in coatings stimulated China’s wool imports, and demand for finer merino counts has been buoyed by the robust sales of wool for athletic and athleisure wear at brands like Patagonia, Under Armour and Smartwool.

In dollar terms, wool prices are roughly 3 percent below year-ago levels.

wool

Related Article
Blockchain Promises Greater Cotton Market Efficiency

Recent News

UK Factories Caught in Minimum Wage Abuses

The race to the bottom for apparel prices has resulted in a myriad of unintended consequences for garment workers around the globe. And they’re not contained to developing nations.

This content is for Annual, Monthly and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or register.
Log In Register
Read more