Casual City dress hits wool

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.

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