From jumpers to slug pellets - how British wool is back in demand
Summary
The price of British wool has risen by more than 70% in the past year because there are fewer sheep and less wool available worldwide. This higher price helps sheep farmers cover costs like shearing, and wool is being used in many products beyond clothing, such as flood protection and slug pellets.Key Facts
- Wool prices in Britain reached a 10-year high earlier this year.
- A kilogram of clean wool recently sold for £2.54, up from less than £1.50 a year ago.
- The British sheep population has decreased, reducing wool production.
- Global wool stockpiles built during the Covid-19 pandemic have mostly been used up.
- Wool from different sheep breeds is sorted into many grades and used for various products, including formal wear, carpets, and agricultural use like slug pellets.
- Wool demand is growing worldwide, with important markets in China, South Korea, and Japan.
- Rising wool prices help sheep farmers cover costs related to shearing and animal care.
- Sheep farmers mainly raise sheep for meat and breeding, but wool remains important for health and welfare reasons.
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