Black forecast for wool prices

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.

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