Latest British Wool auction sees prices up 35% since July

Wool prices have risen by more than a third since the start of the season, pointing to farmers seeing an improved return when they get their payment next year for the 2021 clip.

The fifth British Wool sale of the 2021 season took place last week and saw 1.2m kg of wool sold at an average of 73p/kg – 35% higher than at the first auction of the season in July.

Just two lots failed to sell during the sale, despite the ongoing challenges facing buyers in terms of haulage, transport and energy prices.

According to British Wool’s latest sales report, Blackface wool sold particularly well, and there was also good interest in the Medium and Mule wool…. Read Full Article | https://www.fwi.co.uk/business/markets-and-trends/latest-british-wool-auction-sees-prices-up-35-since-july

Photo Credit: Tim Scrivener

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