Home / Knowledge / News / Textiles / Wool season in strong marketing position - BWMB CEO
Wool season in strong marketing position - BWMB CEO
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

Courtesy: Commonwealth Bank of Australia

Textiles | On 25th Oct 2016

World’s first cotton shipment using Skuchain’s Brackets

The world’s first trade transaction involving shipment of cotton...

Textiles | On 25th Oct 2016

Cotton yield to increase to 568.29 kg/ha in 2016-17: CAB

At its first meeting for the cotton season 2016-17, the Cotton...

Apparel/Garments | On 25th Oct 2016

US most sought after market for UK retailers: Global-e

A majority of the retailers in the UK consider US to be their most...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Marten Alkhagen
Swerea IVF AB

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search