New season wool prices likely to remain stable

Yorkshire's top five sheep breeds for wool produced 1.7million kg of the fabric in 2014. Pic: Simon Hulme
Yorkshire's top five sheep breeds for wool produced 1.7million kg of the fabric in 2014. Pic: Simon Hulme
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THE UPCOMING wool season promises stable returns, with slight increases within specific types and breeds, according to the British Wool Marketing Board.

Ian Hartley, the Bradford-based board’s chief executive, said the new season will see overall payments to producers largely remain at similar levels to the 2014 season.

“With minimal stock carryover into the new season, the outlook is positive heading into the 2015 season, with demand for all types of wool strong in both the domestic and overseas markets,” he said.

The following 2015 guide wool clip values were announced: Cheviot £1.35/kg, Romney £1.30/kg, Texel £1.22/kg, Mule £1.16/kg and Blackface £0.90/kg.

Mr Hartley added that the Board was in rude health and he hopes the stable prices will encourage other sheep farmers to us its global auction system to trade their wool.

“Over the last 12 months we’ve seen the number of producers supporting the Board steadily increasing, which shows that more and more producers have confidence in the Board and recognise that the best opportunity of maximising the value of your wool is by supporting your organisation,” Mr Hartley said.

“The Board continues to support the Campaign for Wool which generates a global profile that cannot be underestimated and has been hugely influential in driving demand for British wools in a number of emerging markets.

“Our organisation is a tremendous example of collaborative marketing, delivering for farmers a high standard of service and helping them to maximise the value of their wool.

“I urge every sheep farmer to put their weight behind it,” Mr Hartley said.