The 2020 wool season is opening in an even more perilous position than in recent years. The temporary closure of large facets of the world’s textile industry and wool processing facilities amid the coronavirus pandemic is having a major effect on wool markets.
Many Irish merchants are currently not in a position to quote for wool. Some comment that if demand were present, the current market position would only be capable of returning a price of 15c/kg to 20c/kg for fine or lowland wool. With the price difference between lowland and Scotch wool generally in the region of 20c/kg for white scotch wool and as high as 25c/kg to 30c/kg for grey or black scotch wool, it leaves the prospects for wool from hill breeds in negative territory.