Britain Leads The Rise Of Hybrid Wool

。

Ian Hartley, chief executive of the British wool Bureau, thinks that the rise in wool prices in the UK has promoted the rise of New Zealand's hybrid wool and has also had an impact on the Australian market.

In October of this year,

Mr. Hartley said last October that consumer confidence was rising and traders' wool stocks were in short supply.

stay

"Besides, we are using short wool, so our price has increased substantially in every sales period."

"In fact, there is a close relationship between British wool and New Zealand wool," Mr. Hartley said.

"Now we think that the price of British wool has been out of touch with new wool because it is 25-30% higher than the same type of new wool.

But in the past 2-3 months, the price of new wool has been rising sharply, and the gap is narrowing, "Mr. Hartley said." the first 6 auctions in the quarter have reached 100%. "

Mr. Hartley said that in the early days of planning the British wool movement, he told Prince Charles that there was a close relationship between British wool and New Zealand wool.

"Therefore, you must pay attention to the new wool like the wool in the UK, and at the same time, you must grasp the Australian wool," he said. "The idea of global cooperation (with New Zealand and Australia) is based on this."

British wool broker Martin Curtis mentioned that the rise in wool prices would be affected by the drop in supply.

"I can't confirm whether the wool demand will rise at this time, although the wool movement will drive demand in the future," he said. "I personally feel that the price is going to fluctuate rather than straight up.

A decrease in supply will lead to price increases. "

Mr. Josh Lamb, export manager of TEK Wool Company in Melbourne, said that because Chinese buyers tend to be hybrids, the price increase of New Zealand and Australia is mainly due to hybrid wool suppliers, and Uruguay can not meet this demand.

This has led Chinese buyers to seek sellers in New Zealand and Australia.

Mr. Lamb said that in the past 3 months, the price of 28.8 micron crossbred wool rose from $4.15-4.20 / kg to $4.40 (4.45 Australian dollars) / kg.

Mr. John Henderson, chairman of New Zealand exporter Forman, has mentioned that the price of new wool has risen to a high level in 14 years, partly because of the joint efforts of the global wool industry to demonstrate the benefits of wool.

This includes New Zealand's support for the wool movement in Britain.

Market prices reflect the global supply of wool, not just New Zealand. Strong demand has brought a lot of pressure to supply. Hartley hopes that wool sports can maintain the price level of crossbred wool.