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

Apparel/Garments | On 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

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

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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