n Wolboer / Wool Farmer - Why it is better to sell wool on the formal market - research

Volume 7 Number 6
  • ISSN : 2307-0226


The importance of marketing wool through the formal market (auction) is a key component of prosperity. The involvement of stakeholders (such as the National Woolgrowers’ Association, commercial breeders, and government) who provide funding to train and develop communal farmers to produce a quality product that is market ready for export, is of critical importance to enhance the volume of the South African clip. However, many farmers are challenged by the exploitation of wool speculators who buy their wool at low prices. Communal farmers are, therefore, encouraged to take part in the formal wool market, which ensures good income and profit.

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