Wool...what will you do with yours...

muleman

Member
They send back what it makes at auction minus costs , every kilo paddy gets privately is a kilo he need not bid on , do you see how auction leads the field with sheep well wools the same.
Dont have to send to paddy...there are other firms in england, bradford even, that pay a fair price for wool.
They bid a price there and then and if you like it you take it and are paid straight away, not the system where we pay the farmer if theres anything left,
A lot of people prefer to do business this way.
 

Hilly

Member
Dont have to send to paddy...there are other firms in england, bradford even, that pay a fair price for wool.
They bid a price there and then and if you like it you take it and are paid straight away, not the system where we pay the farmer if theres anything left,
A lot of people prefer to do business this way.
I’m generalising paddy db who ever , all under mines the auction system, i reckon this time next year be some red faces didn’t go to auction .
 

muleman

Member
72 pages here😂
We're going tound and round in circles!
2 or 3 folk on this forum think the wool boards system is good.....the rest of the forum and everyone , and i mean eveyone, out in the real world, at the auction, on farms etc, think the wool board is absolutely hopeless!😂
 

muleman

Member
Bidding is 3x the wool board price too more in some cases like the bfl wool nearer £10 a kilo more
The fella thats moved my wool rang DB to see if they could take his wool last year.....its gone from there and he's ended up clearing most of cumbria this time, were queuing out onto the road this morning, all the folk that were burning it are sending it, the demand is huge.
 

Bob

Member
Location
Co Durham
Is there any other commodity that is traded like the BW model of discouraging private buying and all supply going through an auction system. Potato board, egg board and milk board have all gone
 

muleman

Member
Is there any other commodity that is traded like the BW model of discouraging private buying and all supply going through an auction system. Potato board, egg board and milk board have all gone
Theyve had it their own way far too long, this is what happens when the job gets into too few hands, if theyd made sure the farmer got a fair deal they would have been able to keep going.
 

neilo

Member
Mixed Farmer
Location
Montgomeryshire
BW is a company that takes our wool, then sorts & auctions it on our behalf, returning that auction price to us, minus their operating costs.

Assuming they handle a constant volume of wool, those operating costs remain similar (at 40-50p/kg handled?) regardless of whether it makes 10p or £2/kg at auction.

When the world price is on the floor, as it was for the last year, the difference is obviously more noticeable than if it was making £2 and they returned £1.50/kg.

I can’t see why the world price shouldn’t recover to where it was in the relatively short term, so why f*ck our auctioning system over for a quick quid or two now?

Those of us that sell some lambs deadweight or, heaven forbid, sell on supermarket contracts, are constantly lambasted taking the King’s shilling now, rather than looking at the long term market. Why is wool so different?
It costs me less to support BW in a year, than ever it does to support the auctioneers’ fleets of Range Rovers.
 
The Irish buyers have been buying wool at auction and the wb have been only returning less than a third of that to the producer
That’s the same wool we sent into them in the bag
 

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