British Wool has reported its highest member returns since 2018, driven by strong buyer demand and rising auction prices. March auction rates reached levels not seen since October 2018, with an average sale price of £1.00 per kg up 18p from last year.
Chairman Jim Robertson noted the uplift in member payments was also supported by strong cost control. This year, returns to members have jumped 70 per cent, boosted by surging demand for cross-bred wool during autumn and winter.
“Mid-season demand was exceptional, with nearly full clearance at many auctions,” Robertson said. By mid-April, British Wool had sold 83 per cent of its stock. The remainder is scheduled for auction in May and June before the new season begins in July.
Over the past year, British Wool has intensified efforts to grow demand among manufacturers and retailers. Its Yarn and Fabric collections, showcased internationally, have led to partnerships with more than 170 brands now specifying British Wool in their products.
Although wool volumes received have declined in recent years, possibly due to some farmers using wool on-farm or holding back, Robertson hopes stronger prices will reverse that trend. “We’re opening new collection centres across the UK this year to make it easier for farmers,” he said.
British Wool remains the only global organisation that collects, grades, sells, and promotes fleece wool. It continues to urge all UK sheep farmers to submit their fleeces in 2025, regardless of type or quantity, to help maximise returns amid a strengthening market.