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Wool prices at 25 year high – sheep farmers told at NSA Welsh Sheep event

British_wool

British Wool prices have reached a twenty five year high and the promise of much better returns to the producer is the clear message from the British Wool Marketing Board (BWMB) at the NSA event to be held at Maesllwyni & Maesterran, Penegoes, Machynlleth on Wednesday (18th May 2011).

New Board Member, Bedwyr Jones says, With over 89% of the 2010 clip already sold the current level of prices is expected to be maintained during this calendar year

Wool prices at auction have increased substantially since October 2009, with the result that, on average, the 2010 Wool Clip Value is double that of 2009 and three times that of 2008. Mr Jones added, These values will be reflected in the 2011 Wool Cheques and I’m sure producers will welcome the significant increase this year.  We feel the time is right for wool, and our auction prices are showing this to be correct.  

Average Producer Clip Value:

2008: 33 p/kg

2009: 48 p/kg

2010: 102 p/kg  

Breed

Producers Actual 2010 Average Clip Value /kg

Producers 2011 Projected Average Clip Value /kg (Based on sales January – April 2011)

Suffolk

1.01

1.20

Romney/Kent

1.20

1.46

Texel/Lleyn

1.07

1.30

Mule/Cross

1.15

1.38

Cheviot

1.20

1.43

Radnor/Beulah

1.02

1.30

Welsh

0.75

0.76

Swaledale

0.50

0.58

Blackface

1.06

1.14

The Wool Board is exhibiting at the event and will have an Identify the Breed competition as part of their stand as well as a range of other wool-based demonstrations and information.  

A selection of fleeces from different breeds will be on display and we’ll be inviting farmers to identify each breed. We hope this will encourage wool producers to come along to the stand and look at the various displays and demonstrations we’re staging, said Gareth Jones, the BWMBs Producer Relations Manager, who will be on hand throughout the event to meet and answer any questions from producers.

Shearing demonstrations will also be held throughout the day and Colin MacGregor, the Wool Boards Shearing Manager and his team of instructors will provide advice and guidance on shearing and gear maintenance.

Information will also be available on a range of shearing and other land based courses available through British Wool Training Ltd, including funding options open to farmers to assist with the cost of courses.

 

About British Wool Marketing Board (BWMB)

  • Represents 50,000 wool producers in the UK.

  • The BWMB is fully owned by the UK sheep farmers and runs on co-operative principles.

  • Responsible for collecting, grading, marketing via auction and promoting British Wool to the international textile industry.

  • 29 million kilos of British Wool was sold in the 2009/10 season.

  • Over 70% of British Wool is used in the production of quality carpets and rugs.

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