There's two things driving the prices," says wool general manager for PGG Wrightson, Grant Edwards. "One, it's the sporting apparel. We've had a huge increase in merino wools going into that sporting apparel. Also we're still seeing a strong benchmark from that Italian market, the suiting market. Plus we're seeing diminishing merino numbers around the world." November 2017 How are the sporting apparel and the Italian suit markets impacting on the wool market?
There's two things driving the prices," says wool general manager for PGG Wrightson, Grant Edwards. "One, it's the sporting apparel. We've had a huge increase in merino wools going into that sporting apparel. Also we're still seeing a strong benchmark from that Italian market, the suiting market. Plus we're seeing diminishing merino numbers around the world." November 2017 How are the sporting apparel and the Italian suit markets impacting on the wool market?
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 7P
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"There's two things driving the prices," says wool general manager for PGG Wrightson, Grant Edwards. "One, it's the sporting apparel. We've had a huge increase in merino wools going into that sporting apparel. Also we're still seeing a strong benchmark from that Italian market, the suiting market. Plus we're seeing diminishing merino numbers around the world."
November 2017
How are the sporting apparel and the Italian suit markets impacting on the wool market?
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