wool pricing systems

Wool pricing systems determine the value of wool based on quality factors like fiber diameter, length, strength, and cleanliness. These factors are assessed through standardized grading systems, resulting in a wool price per kilogram or pound. Buyers and sellers often use indices or benchmark prices that reflect market conditions, ensuring transparent and fair transactions. Some systems also incorporate premiums for higher-quality wool or discounts for lower-grade batches, facilitating accurate valuation that benefits both producers and buyers in the wool industry.