Irish wool prices 'ridiculously low'

"As it stands, farmers will not even be able to cover the cost of shearing again this year."

There is an "urgent need" for new thinking on how to increase the value of wool, the ICSA said.

The immediate publication of the wool feasibility study has been called for as "anger grows" among sheep farmers due to "ridiculously low" wool prices in Ireland, according to a farming organisation.

A major review of the potential demand for wool-based products is due to be published in the coming weeks.