This month we hear from Jiang Yali, wool market commentator with the Nanjing Wool Market in China who gives an overview of the global wool market.
There is no doubt that 2017 was an inspiring year as the fine wool price went up to break several historical records again and again. It was obviously a very good year for the grower, however it was also welcomed by Chinese domestic factories, as well as plush processing factories as relative special fabric prices also climbed. The question to answer is, can the demand for wool absorb the higher prices coming through the supply chain? An interesting story line is the low prices of broader wools, and whether it will influence a reshape of New Zealand’s clip profile.
Download the full monthly market report for January 2018 (471kb).