Sheep
Ulster Wool chairman, Brendan Kelly, is asserting that the days of fast fashion are over, a trend that is helping to boost wool markets
International wool prices continue to strengthen at a consistent rate. And there seems very likelihood of this trend being maintained
British Wool has confirmed that its monthly wool auction prices have increased by 25% since the beginning of the year.
Wool prices are set to gather momentum over the coming months. This follows four successive full clearances at recent auctions
Global wool prices have increased significantly over the past three months on the back of falling supplies.
British Wool experienced "weaker demand for its product" at a recent auction, which saw 30% of the wool at the sale taken back in.
N.Ireland
Brendan Kelly has been re-elected as Northern Ireland’s representative on the board of British Wool beating off competition from two others.
British Wool has confirmed that an election will be held to select Northern Ireland's regional representative on the board of the company.
British Wool has announced its first sustained price recovery since the Covid-19 pandemic, with a general rise of 20% across recent auctions.
Brendan Kelly, has confirmed that he will be seeking re-nomination as the Ulster Wool representative on the board of British Wool
British Wool has said that it saw selected demand for wool at its two most recent auctions on September 6 and August 16.
The latest British Wool auction took place on Tuesday (July 26) which saw a total offering of 1.128 million kilos in 174 lots.
Sheep News
British Wool held its final sale of the season earlier this month (July 5) which saw the last significant offering of old season wool.
Agri-Business
Markets for 2020 wool have started to pick up, with prices up around 38% compared to the slump experienced over the last 12 months.
Sheep farmers have been urged to continue to feed wool into wool depots, for fear shortages due to low prices could permanently disrupt the sector.
Following a call for nominations by Ulster Wool to represent wool producers in Northern Ireland, Brendan Kelly has been returned unopposed as board member.
Ulster Wool collections are up by around 13% for the season so far, compared to the same period last year.
Wool prices are set to remain competitive as demand is set to grow significantly over the coming years, according to the latest international trends.
Ulster Wool has launched its 2018 'Golden Fleece' competition, designed to showcase the quality of wool in the region.
Ulster Wool's new representative - Brendan Kelly - faces a challenging term, taking over in the midst of a rebrand and Brexit discussions.
A new approach to marketing Ulster's wool could help turn the tables on 20 years of design pull towards harder man-made materials.
A Co. Antrim sheep farmer with almost a thousand breeding ewes has been elected as the newest addition to the British Wool board.
Two Northern Ireland sheep farmers have been nominated to replace former British Wool board chairman Ian Buchanan as Northern Ireland rep.
