Irish Farmers’ Association (IFA) national sheep chairman Sean Dennehy has said wool prices need to rise significantly to cover the costs and work associated with shearing.
Mr Dennehy said some wool merchants have said that they are prepared to offer up to 60c/kg to get volumes of wool, while most seem to trying to offer 50-55c/kg. He said scotch wool is being offered as low as 40c/kg.
Mr Dennehy said at the last Bradford sale in the UK on May 8 there was a 97 per cent clearance and the index price was up 3 per cent.
“The British Wool Board reported all wool types were slightly dearer, with the carpet type wool selling particularly well. Welsh Mountain wool has advanced by up to 7.5 per cent, albeit from a low base,” the IFA said.