The growing demand for natural wool products in China's growing middle class has pushed up the price of wool, which reached 90 yuan/kg in early 2018 (up 30% from 2017). At the same time, Australia has begun to gradually increase its exports of wool to our country.

This means that domestic sheep raising (mainly hair-based) sheep-raising friends. Even for the meat and sheep farmers who use both meat and meat, it can increase the breeding income to a certain extent, which will be a great good news!

The specific statistics of the specific wool price market are relatively small. Please pay attention to the WeChat public account of the Yangyang House. The Yangyang Home will bring further reports and analysis.

According to Australian News Network, Australian wool producers are taking advantage of the soaring prices driven by strong demand from the Chinese market and innovative products.

Australia produces 25% of the world's wool, and many market observers expect prices to continue to rise as production growth continues.

According to data from the Australian Wool Innovation (AWI), wool prices rose by 30% in 2017. AWI is a non-profit organization of approximately 24,000 manufacturers. Chris Kelly, head of Australia's third-largest wool exporter, said that in early January 2018, the price per kilogram of wool land reached a record 18.22 Australian dollars (about 90 yuan / kg).

About 90% of Australian wool is traded at the auction, but Kelly explained that the company will also source directly from the producer to ensure there is enough raw material.

Fine, soft merino wool was introduced from Spain to Australia in the 18th century, and Australia thrived by exporting this raw material. But the number of sheep has fallen from 180 million in the late 1980s to 73 million today, in part because of the development of synthetic fibers.

However, according to AWI Chief Executive Stuart McCullough, the growing demand for natural wool products in China's growing middle class has recently pushed up prices.

The Australian Bureau of Agriculture and Resource Economics estimates that from July 2017 to June 2018, total wool exports will increase by 4%. However, production is expected to increase by only 1.4% during the same period.

Since the ewes only breed once a year, it takes time to increase the number of sheep. Kelly said that due to higher prices, the price of lambs has risen from $50 per head five years ago to $150 to $200 per head, which has hampered production growth.

McCullough predicts that wool production will only increase slightly in the next two years, putting upward pressure on prices.