Steady trade for wool expected in coming months

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Wool Board chairman Ian Buchanan has confirmed to Farming Life that the first of this year’s fleeces will be delivered to the organisation’s depot at Muckamore in Co Antrim later this week.

“This follows on from a YFCU shearing event held on the Templepatrick farm of Walter Hoy over the Bank Holiday,” he explained.

Commenting on the prospects for wool in 2015, Buchanan confirmed that the Board is currently finalising its price schedules for the new season.

“And the prospects are not bad. Despite the challenge of the strong pound, which is impacting negatively on every agri sector at the present time, the Board is predicting a steady trade for wool over the coming months,” he added

“And this is good news for local sheep farmers.”

May 1st is the traditional start date to the new wool season in Northern Ireland and the rest of the UK. Wool collected by the Board from sheep producers throughout the UK is sold through an auction system, which has served to make the organisation a very strong seller over recent years.

“All farmers are treated equally under the system,” Mr Buchanan further explained.

“The Board does not cherry pick the wool offered by growers. Every effort is made to get the best possible price for individual producers irrespective of flock size or the breed types within the flock.”

He concluded: “The Wool Marketing Board continues to act as the organisation offering the best prices for wool in Northern Ireland. And it’s obvious that the vast majority of local sheep producers recognise this fact.

“In addition the Wool Board is committed to the long term sustainability of the local sheep sector. I would, therefore, encourage every sheep farmer in Northern Ireland to support an organisation which has only their best interests at heart!”