British wool producers welcome significant price increases

The price of wool in the United Kingdom has reached its highest level in 25 years, and producers are expected to get a better rebate, according to information from the British Wool Marketing Board (BWMB).

Ian, a member of the Northern Ireland Wool Distribution Board. Buchanan said: "We think this time is reasonable for wool. Our auction price shows this adjustment."

Since October 2009, the auction price of wool has increased significantly. As a result, the annual output of wool in 2010 doubled from 2009, which is three times that of 2008.

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