General wool testing fees have increased by 1.5% for the 2016/17 wool selling season, effective from 1st July 2016.
The monthly comparisons of Total Lots, Bales and Weight for May 2016 compared with the same period last season are -13.6%, -13.5% and -13.3% respectively.
The Australian Wool Production Forecasting Committee (AWPFC) confirmed its forecast of shorn wool production for the 2015/16 season at 322 million kilograms greasy, a 7.0% decline on the 2014/15 season, as predicted at its meeting in December.
The monthly comparisons of Total Lots, Bales and Weight for April 2016 compared with the same period last season are -1.7%, -2.3% and -1.7% respectively.
The monthly comparisons of Total Lots, Bales and Weight for March 2016 compared with the same period last season are -4.7%, -6.1% and -5.7% respectively.