BWMBBritish Wool Marketing Board
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Champion fleeces from 12 regional agricultural shows have already been selected and will go head to head against champion fleeces from the network of BWMB depots in four country finals (England, Scotland, Wales and Northern Ireland) before a national final.
BWMB chief executive officer Ian Hartley said: "With exports of British Wool to China now accounting for about 30% of auction sales it is important for the Chinese industry to learn more about British Wool.
The first is that proposed by Baker and Wurgler (2002): BWMB or the "external finance weighted average market-to-book ratio,"
BWMB chief executive Joe Farren said: "Prices at our recent auctions have softened a little due to a drop in UK consumer confidence post-Brexit (impacting wool carpet sales) and a continued cooling of the Chinese economy with an accompanying swing in Chinese fashion away from our finer micron wool to merino types.
Mr Owen added that the BWMB has a key role in innovation in marketing and product development for wool.
I would also like to thank my predecessor, Malcolm Corbett, for his excellent work over the last six years, including the last three serving as BWMB chairman.
It will be a real achievement producing the winning fleece at a depot, let alone scooping the Golden Fleece title," said BWMB boss and judge Mark Powell.
Producers will receive their entry forms along with the annual price schedule in May and will be eligible to enter a maximum of two fleeces which will be judged in two categories; traditional carpet fleece and speciality/knitwear fleece on a daily basis," BWMB chairman Ian Buchanan said.
North Wales BWMB board member Bedwyr Jones and his family witnessed the Llysfasi record, having provided a large number of lambs for the challenge.
The BWMB represent 45,000 registered wool producers in the UK.
For the past four years, the top spot has been occupied by Northumberland hill farmer Malcolm Corbett, who, following his last official event - a visit from HRH The Prince of Wales to the Rheged Centre in Penrith - bade the BWMB a fond farewell, handing over the reigns to Northern Irish farmer Ian Buchannan.
26-27: BWMB shearing training (Beginners/Int), Troforth, Abergele.