mens adidas originals trainers athleisure wear kicking wool prices to record highs
New uses for wool in sneakers such as Adidas marquee Ultra Boost helped drive prices to a record. They only climb further this year, according to growers in the world biggest producer.
Increased affluence in traditional markets such as China and growing demand for natural fibers in athleisure wear has coupled with limited supply to create a storm for wool, according to Australian Wool Innovation Ltd.,
which represents 24,000 growers in the country that supplies about 90 percent of the world apparel wool.
can only go up, it can go down,
AWI Chief Executive Officer Stuart McCullough said Tuesday in an interview. Prices, which jumped 30 percent last year, are on track to reach A$20 ($15.92) a kilogram after hitting a record A$18.22 on Tuesday,
is the perfect consumer of Australian wool they have always been good manufacturers and they also now have the affluence to start buying wool more for their own use, he said. The nation is the biggest consumer of Australian wool and accounts for about 78 percent of exports. Italy is the second biggest buyer.