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BWMB brings positive news on price to wool producers at NSA
Jan '11
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.

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.

Mr Langrish says; “Our prices remain very strong and prices have reflected the growing interest in wool since the campaign's 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 farmer's 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.”

British Wool Marketing Board

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