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Tue, 18 Aug 2026

Tue, 18 Aug 2026 From jumpers to slug pellets - how British wool is back in demand

An increased demand in wool has meant prices have increased more than 70% in the last year.

* Wool prices have increased by over 70% in the last year
* Prices reached a 10-year high earlier this year, with a kilogram of clean shorn wool selling for £2.54 compared to less than £1.50 a year ago
* The increase is due to a combination of factors including: + A smaller British flock of sheep and dwindling global stockpile produced during the Covid-19 pandemic + Increased demand from various industries, including flood protection systems, slug pellets, and knitwear + Global interest in using wool has seen a resurgence, with countries like China, South Korea, and Japan showing increased interest in purchasing British wool
* The price increase is welcomed by farmers as it helps cover costs associated with shearing and other expenses
* Industry experts believe the price boom will continue due to ongoing supply and demand imbalances.