Strong demand from buyers at recent British Wool sales has seen average prices received at auction increase by nearly 25%.
Against increasing prices for many in the sheep and beef sectors, wool has also enjoyed a more buoyant trade.
British Wool typically offers between 1,000 and 1,500 tonnes in each of its 18 online auctions held throughout the year.
Sales are made to wool merchants which supply processors and manufacturers both here in the UK and internationally.
Jim Robertson, Chairman of British Wool, says: “Demand for British wool from the very first auction of the season in early July has been strong.
We have seen full clearances in most of the 10 auctions held so far in the 2024/25 season.
Approximately 57% of 2024’s wool has now been sold with some core types seeing more than 60% sold.