British Wool Bring Positive News on Price to Wool Producers at the NSA Winter Fair
The British Wool Marketing Board (BWMB) will attend the first NSA Winter Fair in Bakewell (Derbyshire) announcing positive news on prices to wool producers at a special seminar in association with the Campaign for Wool (CfW).
Chairman of the BWMB, Frank Langrish will jointly present the seminar The Campaign for Wool and improvements in prices – with John Thorley, Chairman of the Campaign for Wool the five year project, which was initially convened by HRH The Prince of Wales.
Mr Langrish says; Our prices remain very strong and prices have reflected the growing interest in wool since the campaigns launch. If you consider that the British Fleece Wool Price Indicator was 153p/kg and last year at this point it was 91p/kg, you can see how prices have increased. Clearly wool producers have waited a long time to see a decent return for their wool, the price received this year will see most producers not only cover the cost of shearing but leave a profit margin as well.
He is clear that the market is strong and selling through their fortnightly auction is the best way to maintain the demand and prices, We are a UK farmers organization that provides a vital gateway to the international textile industry. It is a professional service that offers supply of graded British Wool on demand to our textile partners in a format that they require. This is the best way to market British Wool and promoting it through the CfW will ensure that wool is better understood and valued for all its attributes, keeping the momentum on price moving upwards.
The BWMB forecasted the return to producers would be significantly better in their Price Schedule, We forecasted 95 pence per kilo for Mule in our price schedule at the start of the season and this has been exceeded with the actual average price for this type at recent sales achieving up to 110 p/kg. If you consider that in 2009 this type of wool was achieving an average price of 65 pence per kilo, you can see the leap forward that British Wool has made.
John Thorley, Chairman of the CfW said, Our partnership with the BWMB has shown the level of expertise that they have and this has been a major part in the success of the Campaign. There is clearly a huge amount of potential for wool and by working together with other wool organizations, we are moving things forward as a team and better prices are the key objective.
The BWMB will have a stand at the NSA Winter Fair taking place at the Agricultural Business Centre, Bakewell, in Derbyshire on Thursday 27th January 2011 starting at 9am.
At 2pm, Mr Langrish along with John Thorley, Chairman of the Campaign for Wool will speak in an NSA seminar titled The Campaign for Wool and improvements in prices.
Additional Information on Wool Prices
The chart below shows how prices across a range of breeds have achieved the positive forecasts presented in the Wool Boards Price Schedule and shows the actual average up to price for the new season after recent sales.
Actual 2009 value
(Up to p/kg)
Projected 2010 value as per Price Schedule (up to p/kg)
Actual Average Price based on new season sales
As at 12 Jan2011
(Up to p/kg)
Suffolk
58
93
104
Texel /Lleyn
61
90
110
Romney
70
90
111
Mule
65
95
112
Beulah / Radnor
58
92
106
Cheviot
72
100
118
Swaledale
27
50
63
Welsh Mountain
45
80
82
Blackface
64
93
112