Fresh wool production to fall in 2007/08 season

29 Jun '07

3 min read

“This discrepancy reflects the release of on-farm stocks by growers from wool grown in previous years, which the Committee estimates to have been around 15 mkg greasy or 3.5% in 2006/07,” said Dr James.

“This illustrates the distinction between production and supply. Wool supply, as measured by auction offerings, has been particularly robust for the 2006/07 season, with the increase in auction offerings largely being a result of earlier shearings and the release of woolgrower stocks held in-store and on-farm. At the same time, fresh wool production has fallen significantly.”

However, unlike the 2006/07 season, supply and availability of Australian wool in the 2007/08 season will more closely reflect changes in production given all anecdotal reports are of substantially depleted on-farm and in-store broker stocks leading into the next season.

A full report of the latest forecasts will be available after 2.00pm Wednesday, 4th July on the AWI website.

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