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Australian wool production expected to ease slightly in 2013/14

The Australian Wool Production Forecasting Committee (AWPFC) has forecast Australian wool production to decline to 345 million greasy kilograms for the 2013/14 season, down by 1.4 per cent from the 2012/13 season total of 350 mkg.

Committee Chairman Russell Pattinson commented that “the slight decrease in seasonal production reflects two major factors – an increase in sheep turn-off for slaughter in 2012/13, which has reduced season-opening sheep numbers for 2013/14; and an expected reduction in average fleece weight resulting from the dry seasonal conditions that were experienced in many woolgrowing regions in the first half of 2013”.

Mr Pattinson added that “results from the recent joint MLA and AWI production survey indicate that grower intent has shifted back slightly from flock growth, toward maintenance of existing sheep numbers”.

Regionally, declines in 2013/14 wool production are forecast for New South Wales and Queensland which outweigh expected slight increases in wool production in Victoria, Tasmania, South Australia and Western Australia.

The National Committee drew on advice from the six State Committees, each of which includes brokers, growers, 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 is available on the AWI website at www.wool.com/forecasts

Source: The Australian Wool Production Forecasting Committee (AWPFC)