Related Keywords: appetite for high quality fine micron wool, Australian wool prices, doubled in Japan, new market coming up, not deterred Japanese market from buying, over the past year, quality required of highest standard, socks and innerwear, sports apparel
Australian wool prices have doubled in Japan over the past year but it has not deterred the Japanese market from buying. As the quality they require is always of the highest standard, a Japanese wool broker said.
Mike Kuritani from Itochu, one of Japan's largest trading companies, said that demand will remain due to an appetite for high quality fine micron wool from Australia despite the high prices.
He said that in fact a new market is coming up from sports apparel, for socks and innerwear. Hence the overall the demand on wool will not decrease for the next couple of years.
