Wool cheques from the 2011 clip are expected to be bigger than last year’s despite a slight reduction in prices at recent sales. With more than half the clip sold, the average wool price achieved at auction is 45p/kg above 2010 prices, said British Wool Marketing Board chairman Malcolm Corbett.
“Nothing is yet settled - a lot of British wool goes into carpets and manufacturers are having a tough time, and we could see a slight correction to prices before the season is finished. But we expect values will be better than last year, which was a 25-year high. Farmers should receive an average of 30p/kg more for their wool.”
Producers were paid an average of 102p/kg in 2010, double the 2009 level and three times more than in 2008.
“Nothing is yet settled - a lot of British wool goes into carpets and manufacturers are having a tough time, and we could see a slight correction to prices before the season is finished. But we expect values will be better than last year, which was a 25-year high. Farmers should receive an average of 30p/kg more for their wool.”
Producers were paid an average of 102p/kg in 2010, double the 2009 level and three times more than in 2008.
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