18 August 1999
Casual City dress hits wool
THE “dressing down” trend in the City and on Wall Street has played a part in the collapse of the price of wool, according to Woolmark, the Australian sheep farmers trade body.
It says the shift to casual clothing has led to a collapse in the wool price to around £2/kg, its lowest for 25 years.
British sheep farmers have been hit even harder as they do not produce the higher quality wools preferred by the fashion industry.
- Wool production to fall further, FWi, yesterday (17 August, 1999)
- The Daily Telegraph 18/08/99 page 23