Home / Knowledge / News / Textiles / Wool season in strong marketing position - BWMB CEO
Wool season in strong marketing position - BWMB CEO
06
Jun '13
High clearance rates at the British Wool Marketing Board's wool auctions in the first half of 2013 means the organisation is heading into the new wool season in a strong marketing position, according to Chief Executive Officer Ian Hartley.

Addressing a meeting of the English press at the NSA North Sheep event in Harrogate, Mr Hartley explains, "As a result of a competitive market in the early part of the year BWMB has been able to sell the entire 2012 clip ahead of schedule and also clear a 5m kg carry over from the previous season. The market was so strong that we have had to cancel the final auction of the season as we had insufficient wool to sell".

After an extremely turbulent period of trading in mid-late 2012 when both prices and clearance rates fell sharply, producer payments for this year will be lower than last year but Mr Hartley says the recent surge in demand is welcome news for wool producers.

"It is no secret that the market wasn't in very good shape last summer and autumn. But thanks to BWMB's strong cash flow position we were able to hold wool back when trade was tough and as a result stimulate demand for the benefit of BWMB supplying farmers."

Last summer's dip in trade was a direct result of slowing demand from China, a major trading area for British wool, and reduced sales in to the carpet sector which has been hard hit in the economic downturn of recent years, he says.

"Carpets are generally a significant purchase for most households; as such they are replaced relatively infrequently. The economic uncertainty in much of the world has resulted in much lower carpet sales which have fed back through to wool sales."

Looking ahead to the coming season, BWMB Chairman and English Northern Board member, Malcolm Corbett says he is hopeful of the recent strong demand continuing. "There are no signs of demand slipping at the moment and there are signs the market in China is rising again.

"Economies around the world look to be improving and there are clear signs of an improvement in the USA economy which will be of major benefit to wool sales. And on top of this there is a growing trend towards wool and natural fibres from both the fashion and interior design sectors."

Mr Corbett says this increasing demand for wool products is in part down to the continued work of the Campaign for Wool (CfW) and reflects the significant work CfW has done across the globe to show the versatility of wool as a truly modern, sustainable fibre.


Must ReadView All

Japan’s JICA promoting energy-saving devices in Bangladesh

Apparel/Garments | On 21st Feb 2018

Japan’s JICA promoting energy-saving devices in Bangladesh

The Japan International Cooperation Agency (JICA) is promoting use of ...

China’s JD.com announces financing pacts for JD Logistics

Textiles | On 21st Feb 2018

China’s JD.com announces financing pacts for JD Logistics

China’s largest retailer JD.com Inc recently announced it has entered ...

Courtesy: Indorama Ventures

Textiles | On 21st Feb 2018

IVL 2017 revenue up 17% y-o-y to $8,438 million

Indorama Ventures Public Company Limited (IVL) has reported revenue...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

February 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
70.6%
No
12.7%
Skip
16.7%

Total Votes: 102

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.7%
No
29.4%
Skip
6.9%

Total Votes: 102

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
88.2%
No
8.8%
Skip
2.9%

Total Votes: 102

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
83.3%
No
7.8%
Skip
8.8%

Total Votes: 102


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search