‘Disappointing’: British Wool announces prices
British Wool has confirmed the prices being paid to farmers for last year’s wool clip, with the co-op saying they will be ‘disappointing’ to its members.
Core grades will achieve 30p per kg, the Blackface wool 20p/kg, Welsh Mountain wool 10p/kg and 8p/kg for Swaledale, British Wool said.
Fleeces from organic flocks attract a premium of 70p per kg for core types and 20p/kg for the Welsh Mountain type.
The prices come on the back of falling lamb prices and other difficulties in the wider sheep industry.
There had been positive signs of recovery in the wool market after the impact of the Covid, but the war in Ukraine and subsequent spike in energy prices reversed much of those improvements.
High energy costs and consumer confidence has led to a challenging environment for all raw material suppliers, including wool.
Andrew Hogley, CEO of the Bradford-based co-op said: “We are frustrated too. Global prices have been under pressure in recent months.
by Farming UK
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