22 min
Is the China-US trade war affecting our wool market? The Yarn
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- Education
The wool market has enjoyed a very strong run over the last 12 months with the benchmark eastern market indicator up about 25% year on year. But in recent weeks, uncertainty has crept into the market. Today we examine, in some detail, both the short and the long-term drivers in the wool market. We speak with AWI Trade Consultant Scott Carmody about the factors driving the wool price and then we head to the US to hear from the President of the American Apparel and Footwear Association, Steve Lamar who reveals the ins and outs of the trade war between China and the US and how it could potentially affect the Australian wool market.
The wool market has enjoyed a very strong run over the last 12 months with the benchmark eastern market indicator up about 25% year on year. But in recent weeks, uncertainty has crept into the market. Today we examine, in some detail, both the short and the long-term drivers in the wool market. We speak with AWI Trade Consultant Scott Carmody about the factors driving the wool price and then we head to the US to hear from the President of the American Apparel and Footwear Association, Steve Lamar who reveals the ins and outs of the trade war between China and the US and how it could potentially affect the Australian wool market.
22 min