Wool Values & Payments

Wool Value By Grades

British Wool sells wool on behalf of its members to global markets through auction, to wool merchants and processors. This is then sold into the supply chain to manufacturers and brands.

Payments to sheep farmers are made at the end of the year after British Wool has sold the wool on behalf of its members.

Payments reflect both the weight and quality of wool delivered and are based on the average price achieved for each type throughout the season.

 

Download Here

Auctions & Payments

Following the grading process, we sell wool on behalf of our members in a series of auctions over a 12 month period.

Members will be able to receive their payments at year end once the entire annual clip has been sold.

Follow the link to view all auction reports.

View Auction Reports

To minimise administration costs and ensure payment is made to you as soon as possible, British Wool operates a “Self-Billing” system.

This means British Wool raises a VAT sales invoice on your behalf and then British Wool pays this “Self-Billed” invoice to you.

To operate this system, your written consent to self-billing is required under the HMRC self-billing VAT notice 700/62. It applies to all VAT registered members and members registered under the Agricultural Flat Rate Scheme.

If you have not done so already please click here to open the self-billing form, complete the form and then email it to [email protected].

If you have any queries, please contact the Member Services on 01274 688666, option 1.

Payments for the previous year’s wool are automatically paid to members when they deliver the current year’s wool clip.

For example, your 2022 wool payment will be paid on delivery of your 2023 wool. Payment for 2023 wool will be made on delivery of your 2024 wool.

The payment will reflect both the weight and quality of wool delivered and are the average prices achieved for each wool grade throughout the season.

The payment system allows us to operate in any market situation and use its collective strength to ensure its members receive the true market value for their wool.