Wool Market Reports

CCWG Wool Market and Business Update-2017

Written by CCWG Tuesday, January 2, 2018

CCWG Wool Market and Business Update – Fall 2017

During the 2016/17 wool marketing season there has been a very significant contrast comparing the fine and coarse wool markets. Fine wool has experienced solid global demand and record prices have been achieved for many wool types 22 micron and finer.  A number of factors can be attributed to this success including the positive international branding of Merino wool.  As well, new and innovative wool products such as double faced and fake fur fabrics being manufactured in China have created new consumers for wool and these products require significant quantities of fine wool to produce.  
The specifications for Chinese government uniforms including military, railway and postal etc have recently been changed to favour more fine wool content and huge quantities of wool are required for these contracts.  In China mills are currently focused on increasing productivity and product quality, they have also made significant capital investment in order to comply with new stringent government environmental regulations. 

The broader crossbred wool market has struggled the past 18...