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Australian wool production predicted to ease in 2015/16

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The Australian Wool Production Forecasting Committee (AWPFC) has set its forecast production for the 2014/15 season at 341 million kilograms greasy for the 2014/15 season, the same as the estimate for the 2013/14 season. The AWPFC has also made its initial projection for the 2015/16 season, with a forecast 2.7% decline in shorn wool production to 332 mkg. This decrease is due to an expected reduction in opening sheep numbers as a result of the continued high sheep and lamb turn-off rates in the current season.

Committee Chairman, Russell Pattinson commented that “while there is expected to be a reduction in the number of sheep shorn this season, this decline will be offset by an increase in average fleece weights across Australia due to good production conditions in several regions, including southern New South Wales, northern South Australia and regions in Victoria.”

The Committee noted that the AWTA wool test data for 2014/15 shows a reduction in volumes of wool 17.5 microns and finer, and an increase in 18-19 micron, 22-23 micron and broad wool (27 microns and broader), in the first nine months of the season. This has resulted in a 0.2 micron increase in the mean fibre diameter for Australia so far this season.

The National Committee drew on advice from the six State Committees, each of which includes growers, brokers, private treaty merchants, representatives from State Departments of Agriculture, and the Australian Wool Testing Authority.

Data and input was also drawn from AWEX, wool exporters, the Australian Bureau of Statistics, ABARES, AWTA and Meat and Livestock Australia.

The full forecast report will be available on the AWI website at www.wool.com/forecasts by 22nd April 2015.

 

Released by: AWI

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