Home / Knowledge / News / Textiles / Wool producers benefit from rise in auction prices

Wool producers benefit from rise in auction prices

26
Jul '10
Sheep producers will be receiving a “significantly higher” Wool Cheque from the British Wool Marketing Board (BWMB) this year, to reflect the record breaking demand for wool which has sent prices to the highest level for over a decade.

“Our wool producers will benefit from the substantial increase in auction prices over the last 12 months, reflecting the improved demand and the decline in UK wool production which was down to 28.6 m kg in 2009 compared with 31.2 m kg the year before. The annual wool clip in 2000 was 45.8 m kg, which shows the marked reduction that has occurred over the last decade,” according to BWMB Chief Executive Officer Ian Hartley.

He says that the average producer price for the 2009 clip is 48p/kg which includes an average Balance Payment paid to producers of 36p/kg.

Based on recent prices achieved at auctions held at the BWMB's Bradford headquarters, there was every indication that next year would also see a “considerable increase” on the price sheep farmers will be paid in 2011.

Mr Hartley added, “Although we believe that the new – and very much higher price level – will be maintained for 2010, and hopefully for the foreseeable future, the BWMB has kept the 2010 Advance Payment made to sheep producers at roughly the same level, as history has shown us that unexpected crises, over which we have no control, can cause prices to fluctuate dramatically.”

This year the BWMB has provided more information in the way it identifies wool prices in an effort to provide producers with a clearer understanding of how their wool is valued. This year's Price Schedule, which has been sent to all UK sheep farmers, relates the value of wool to individual breeds as well as to wool grades.

British Wool Marketing Board (BWMB)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Indian ministry asks over 10 manufacturers to produce PPE

The Indian health ministry has asked over 10 domestic manufacturers...

Pic: Shutterstock

Apparel/Garments | On 1st Apr 2020

Five more brands not to cancel export orders to Bangladesh

Five more global fashion brands-three European and two North...

Pic: Venturelli Luca / Shutterstock.com

Retail | On 1st Apr 2020

H&M to take goods already manufactured, assures suppliers

Swedish retail giant H&M recently assured its garment suppliers of...

Interviews View All

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

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

Poojaa Kumar Deepak, Zeven

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Wendell Rodricks, Wendell Rodricks

Wendell Rodricks
Wendell Rodricks

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

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

Leave your Comments


March 2020

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


Advanced Search