Sheep farmers in the United Kingdom are currently being presented with a massive opportunity to capitalise on soaring demand for British wool. China is behind this huge increase in interest in British wool with the amount that they import into their country having doubled in just the last two years! A very large amount of wool that is exported to China comes from the United Kingdom. In fact, from 2015 to 2015 1.7 million kilograms of wool was produced from just five breeds of sheep in Yorkshire – much of which was sold to the Chinese. Continue reading
Cashmere is one of the most sought after fabrics when it comes to luxurious clothing. The soft feel and gorgeous appearance make it an incredibly attractive product in several different ways. The price tag of cashmere reflects this high quality. When you have spent a sizeable amount of money on a cashmere garment, you will of course want to keep that garment looking as fabulous as it did when you first purchased it. Caring for your cashmere clothing is not as difficult as you might think but it does pay to do so carefully and with a few things in mind. Continue reading
As we progress into the 125th year of existence as John Hanly & Co, we would like to take a look back at how the company started and the achievments we have made along the way! When the company was started in 1893, we primarily specialised in the production of throws and scarves. The fabrics we used were mostly mohair, lambswool, cashmere and wool. However we also occasionally used a selection of other natural fibres. Continue reading
There has been much frenzy in the wool market this past week as auctions have seen prices hit a four year high! Reports have described the market as having gone “ballistic” with prices still continuing to increase. There has been particularly strong demand from buyers located in China and India.
The price high was especially true of the 22 and 23 microns products. The products in these two categories have seen price increases of up to 70 cents. It is recognised that many of those who were bidding on wool at auction this week were there with the intention of buying regardless of what the price rose to reach. Behaviour such as this is known as ‘buy at best’, which essentially means bidders will not stop bidding until they have secured the wool for themselves. Continue reading