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The Australian Wool Production Forecasting Committee has updated its forecast for the 2018/19 season to 322 mkg greasy. This is a 5.7% decline on the Committee’s shorn wool production estimate of 341 mkg greasy for the 2017/18 season. The fall reflects an expected reduction in both the number of sheep shorn and average wool cuts per head as a result of the dry seasonal conditions across most of the country.
Read more: Australian wool production forecast to fall in 2018/19 due to tough season
The monthly comparisons of Total Lots, Bales and Weight for August 2018 compared with the same period last season are:
-0.5%, -6.7% and -7.0% respectively.
The monthly comparisons of Total Lots, Bales and Weight for June 2018 compared with the same period last season are:
+0.7%, -6.8% and -7.4% respectively.
The monthly comparisons of Total Lots, Bales and Weight for July 2018 compared with the same period last season are:
+3.2%, -3.2% and -0.3% respectively.
General wool testing fees have increased by 2% for the 2018/19 wool selling season, effective from 1st July 2018.