By  on October 1, 2013

MILAN — Amid a push to render wool ever more luxurious, raw material prices are likely to rise in the coming months, said industry executives showcasing their 2014 winter collections at the Milano Unica trade show.

“We see wool prices going up,” said Woolmark and Australian Wool Innovation chief executive officer Stuart McCullough, adding that China’s growing affluent class, an overall rise in the world’s population and limited raw wool supply are all factors pointing to higher prices in the near term.

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