By Andrew Woods, ICS | Source: AWC, WI, AWEX, Schneiders, WTiN, RBA, ICS
Cashmere is the benchmark apparel fibre price for fine merino wool, rather than cotton or one of the man-made fibres. Fine merino wool tends to trade with a defined basis (price difference) to cashmere. This article looks at the fine wool basis to cashmere (in the form of a price ratio) from a couple of angles during the past three decades.
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