A price jump in wool from Australia, the world's top exporter of high-quality fleeces, is rattling through the global clothing supply chain, with some mills passing along costs and retailers cutting down on wool.
Wool prices in Australia have continued to climb since last season despite supply for the current season increasing by around 3-5 per cent relative to last year, the Australian Wool Innovation (AWI) has said.
For the first time, the international competition for young designers has allowed anybody to apply through its website. The Woolmark Company is also launching a new prize for students in a partnership with Adidas.
The brand dedicated to the international promotion of wool, which is owned by Australian Wool Innovation (AWI), is launching an e-commerce site that connects the websites of various brands offering merino wool.