Cavalier hopes increased wool supply from main shear will arrest spike in prices

Thu, 17 Oct 2013

By Tina Morrison Oct. 17 (BusinessDesk) – Cavalier Corp. is hoping an increase of wool coming onto the market during main shear will arrest a spike in prices of coarse wool in a market where the carpet maker has limited ability to raise its own prices. Coarse wool used for carpets is now 40 to 50 percent above year ago levels, ASB Bank said in its latest Commodities Weekly report. The clean price for 35-micron wool was $5.70 per kilogramme last week, up from $5 a couple of months ago and $4 a year earlier, although lower than the $7 peak in 2...

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