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Clip down, demand up, outlook optimistic - AWI
06 Mar '07
3 min read
Mr Wilcox added that while the Australian Wool Innovation Production Forecasting Committee predicts that wool production in Australia will drop by 9% this season, he expects that Australia's wool supply (that is, production plus stock sales) will fall by 3%.
“Australian growers are naturally running down any stocks they have because of better prices, so there won't be much spare wool to auction later in the season,” he says.
Mr Wilcox believes that the low supply has been a trigger to the price rise, rather than the driver of the price rise. “Our quarterly Woolmark Business Survey's latest results show that demand and business conditions throughout the industry are rock-solid in most regions.”
“We cannot forget the strengths of Australian wool production - namely its position in the global apparel wool industry, how it meets the requirements of consumers and retailers, and the progress made by Australian woolgrowers, even during drought.”
“I know that there are challenges for the industry,” concluded Mr Wilcox, “but the fact of the matter is, we have many positives on our side and, if we continue to play to our strengths, I am cautiously optimistic about the foreseeable future.”
“Australian growers are naturally running down any stocks they have because of better prices, so there won't be much spare wool to auction later in the season,” he says.
Mr Wilcox believes that the low supply has been a trigger to the price rise, rather than the driver of the price rise. “Our quarterly Woolmark Business Survey's latest results show that demand and business conditions throughout the industry are rock-solid in most regions.”
“We cannot forget the strengths of Australian wool production - namely its position in the global apparel wool industry, how it meets the requirements of consumers and retailers, and the progress made by Australian woolgrowers, even during drought.”
“I know that there are challenges for the industry,” concluded Mr Wilcox, “but the fact of the matter is, we have many positives on our side and, if we continue to play to our strengths, I am cautiously optimistic about the foreseeable future.”
Australian Wool Innovation Limited
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