Curtis Wool Direct

Australian wool prices expected to be firm

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Wool prices across Australia traded between 1200 and 1400 c/kg clean for the majority of the year, making it the most consistent 12-month period of the last five years. While conditions varied across the country, Rural Bank and Rural Finance head of sales Simon Dundon said the Australian sheep industry was in a strong position.

The rise in wool price is partly attributed to a decline in production last financial year.

High turn-off of stock resulted in fewer sheep shorn and dry seasonal conditions contributed to lower fleece weights.

These factors were more evident in Queensland and Tasmania where drought conditions were severe. Declining production was most apparent for medium micron wool.

“Favourable market conditions combined with a smaller than usual national flock has meant that farmers are now in a position to command well above average prices for their product,” Mr Dundon said.

“This is thanks mainly to a very stable domestic market and an ever increasing demand internationally for Australian lamb.”

“While Queensland and Tasmanian based wool producers in particular continue to face a number of challenges, sheep producers across the nation can rightly feel very optimistic about the future of their industry.”​

Source: Stock Journal

 

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