09 June 1998
Black forecast for wool prices

THE British Wool Marketing Board said prices this year would be the lowest since 1991.

They would average 62p/kg, compared with last years 87p.

Blackface fleeces, making up about one-third of Scotlands 10 million kg clip, are among the hardest hit, with the price down to 50p/kg.

Ian Hartley, the Boards chief executive, said at a press conference at Ingliston, Edinburgh, the strength of Sterling had devastated the market with almost two-thirds of British wool exported.