Home / Knowledge / News / Textiles / Wool on the Rise cancelled as demand grows
Wool on the Rise cancelled as demand grows
Feb '11
The British Wool Marketing Board (BWMB) has introduced monthly auctions at the end of season, replacing the fortnightly offering due to the rising demand for wool.

At BW82 - 23th February sale the prices were strong with an average price of 157.05 pence per kg and with clearance at 99% on 1.66 million kgs of wool, reflecting a trend that has been evident throughout the season. The BWMB has moved to the monthly auctions to ensure that they can continue to provide wool to merchants in the remaining months leading up to the new season.

Wednesday's sale was described by as 'a very strong sale from the outset with most types seeing good price gains', however Ian Hartley, CEO of the BWMB explained: “We have seen continuous rising interest in wool this season. Our clearance levels at sale have been continuously high as well; this has depleted our supply of British Wool. As the BWMB sell wool to meet textile industry needs and demand, we have had to change from fortnightly to monthly auctions to ensure that there will be an offering available until early June, when the new season sales will commence.”

Frank Langrish, Chairman of the Board commented – “These conditions are exceptional and we have seen the best price levels in over twenty years. We predicted that the conditions for selling wool were changing for the better early last year and that this would significantly improve returns to our producers and we have been right. The auction system shows its true worth in a thriving market because the best price is always achieved in a competitive environment.”

A combination of reasons has contributed to the sudden change in wool's fortunes; sheep numbers across the world have reduced significantly – by 40% in the UK since 2000 - and so there is a much reduced level of wool available to the textile industry. Textile industry manufacturers that had destocked due to the economic conditions that set in 18 months ago are experiencing low supply levels in a market that has seen heavy promotion of wool due to the Campaign for Wool.

“We feel the time is right for wool and our auction is showing this to be correct.” Mr Hartley Said.

British Wool Marketing Board (BWMB)

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Veronique Lee

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Tony Ward
Tony Ward

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

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

December 2016

December 2016

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


Browse Our Archives


Advanced Search