Wool producers to welcome significant increase, BWMB

12 May '11

2 min read

British Wool prices have reached a twenty five year high and the promise of much better returns to the producer is the clear message from the British Wool Marketing Board (BWMB) at the NSA event to be held at Maesllwyni & Maesterran, Penegoes, Machynlleth on Wednesday (18th May 2011).

New Board Member, Bedwyr Jones says, “With over 89% of the 2010 clip already sold the current level of prices are expected to be maintained during this calendar year”

Wool prices at auction have increased substantially since October 2009, with the result that, on average, the 2010 Wool Clip Value is double that of 2009 and three times that of 2008.

Mr Jones added, “These values will be reflected in the 2011 Wool Cheques and I'm sure producers will welcome the significant increase this year.”

The projected average 2011 producer Clip Value of Texel/Lleyn and Radnor/Beulah breeds is anticipated to achieve £1.30 per kg (based on sales January to April this year - see chart below). “These prices are maintaining and building on last year's increases. We feel the time is right for wool, and our auction prices are showing this to be correct.” Says Mr Jones.

The Wool Board is exhibiting at the event and will have an 'Identify the Breed' competition as part of their stand as well as a range of other wool-based demonstrations and information.

“A selection of fleeces from different breeds will be on display and we'll be inviting farmers to identify each breed. We hope this will encourage wool producers to come along to the stand and look at the various displays and demonstrations we're staging,” said Gareth Jones, the BWMB's Producer Relations Manager, who will be on hand throughout the event to meet and answer any questions from producers.

Shearing demonstrations will also be held throughout the day and Colin MacGregor, the Wool Board's Shearing Manager and his team of instructors will provide advice and guidance on shearing and gear maintenance.

Information will also be available on a range of shearing and other land based courses available through British Wool Training Ltd, including funding options open to farmers to assist with the cost of courses.

British Wool Marketing Board (BWMB)

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