The Woolmark Company- Merino wool exports to USA grow, streetwear labels boost demand

“After years marked by flooding and droughts, Australian sheep farmers are currently experiencing an increase in wool production – essentially at the shearing phase – with output up 6% in the first half of 2022 compared to the same period the previous year,” said Francesco Magri, Regional Manager C&E Europe of The Woolmark Company. Magri talked to FashionNetwork.com at the Milano Unica trade show that took place on July 12-14 at the Rho exhibition centre in Milan. Meanwhile, the price of wool has returned to 2019 levels. “[Prices] are roughly $14-15 per kilo. Wool is a raw material whose price hasn’t been driven up by the various international geopolitical crises, since supply is buoyant, both in terms of quality and quantity, and demand has increased,” said Magri. “Our…