While the wool market isn’t overly positive at the moment, there are encouraging signs for the future usage of wool. Fox & Lillie has received recent enquiries indicating renewed interest coming from wool users across the world who had previously removed themselves from the market when prices were at record highs.
Eamon Timms spoke to the Stock & Land “We still have challenges ahead of us but we can look to the future with some renewed interest because this will drive demand eventually when things get sold in the retail side of things and we can look forward to more people coming back to wool,” he said.
Full article here: Renewed overseas interest in wool as prices drop.