Home / Knowledge / News / Textiles / Highest auction price for 15 years as wool sales cancelled
Highest auction price for 15 years as wool sales cancelled
15
Mar '10
The vigorous demand for wool, coupled with limited supply, which has sent prices to 113p a kilo in recent weeks, has led to the cancellation of 2 of the last 6 sales of the selling year at the British Wool Marketing Board's Headquarters at Bradford.

Frank Langrish, Sussex sheep farmer and Chairman of the British Wool Marketing Board, firmly believes higher prices are sustainable and says the current demand confirms the success of the UK's wool marketing system.

"The Indicator price for wool was around 73p a kilo in October but tightening supplies have sent prices soaring. It's good news for producers who will see a noticeable improvement in their balance payment, even allowing for the fact that 65% of wool was sold before the price increase" said Frank Langrish.

He is confident that higher prices would be maintained when wool auctions for the next season's clip start in early summer.

"I believe this is the start of a trend that will see wool recognised for its qualities as a sustainable fibre at a time when the manufacturing processes of synthetic materials are increasingly at the mercy of volatile oil prices," added Mr Langrish.

The British Wool Marketing Board

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: NASA/JPL-Caltech

Textiles | On 24th Apr 2017

NASA designing advanced woven metal fabrics for space

Scientists at NASA are designing advanced woven metal fabrics for a...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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