Editorial: Wool's Back in the Black
OPINION: Confidence in the wool sector is rebounding as prices hit levels not seen in more than 15 years.
"Let's have wool!" he said.
He was duly quoted for "medium-quality wool carpet", $104 per square metre plus install costs.
"The carpet salesman took great delight in telling us that there are 48 ounces of wool per square yard. That's roughly 1.3kg of wool per square metre."
Based on current average crossbred prices of about $3.00/kg, our good keen man reckons the farmer's getting a bit under $4 per square metre for that $104 piece of carpet.
"Looks like wool farmers are being 'fleeced' - that's a hell of a mark up!" he said.
