Ulster Wool returns hit a 10-year high as prices rise across all types

Ulster Wool’s average return per kilo is 70% higher than last year, and returns have increased for all wool types.

Returns for Ulster Wool’s members have increased across all wool types, with the average payment at 68p per kilo versus 40p a year ago. Cheviot Wool is paying 85p per kilo, and many core grades of Mule, Texel, Romney, Hill and Cheviot Cross are paying 70p to 75p per kilo.

Ulster Wool is also optimistic about the outlook for the 2026 wool season. With strong price gains in recent auctions over the past few months it indicates that returns for the 2026 clip could increase by a further 25p to 30p per kilo. Several core types could potentially return more than £1 per kilo to Ulster Wool’s members.

The figures reflect strong market demand and increased competition at the auctions, where multiple buyers are actively competing. This highlights the importance of the auction system. As the only marketplace where multiple domestic and export buyers compete directly, the auction system drives the price for all Northern Ireland sheep farmers.

With around 3,000 sheep farmers working together through Ulster Wool, the strength of collective selling continues to play a central role in securing improved returns for wool. Higher volumes not only strengthen auction competition but also reduce Ulster Wool’s operating costs per kilogram, benefiting all members.

Demand is also being driven through supply chain development and marketing initiatives. Ulster Wool partners British Wool now works with over 180 licensees, and consumer awareness continues to grow. Sales of fully traceable wool have increased again over the last year, with buyers paying a premium over and above auction prices.

Recent initiatives include new yarn and fabric collections, a retail collaboration with Shaun the Sheep.

Alongside improved prices, Ulster Wool continues to invest in activities that support long-term demand and value. Several shearing and wool handling courses are scheduled for 2026, helping ensure clips are presented to the highest possible standard.

Commenting on the announcement, Ulster Wool Chairman Brendan Kelly said: “This is a strong result for our members and a clear sign the market is moving in the right direction. Prices are up across all wool types because there is real competition at auction, and that only happens when farmers sell together through Ulster Wool.

"The auction is where prices are made. The more wool that comes through Ulster Wool, the stronger the returns will be for everyone. This is exactly what collective selling is designed to do, as we saw in 2021 after the Covid pandemic, working together to strengthen the market, deliver better value for wool produced in Northern Ireland, and maximise returns to our members.”