Industry News

AWI Market Intelligence - May 2021

The month of March has for the last 10 years, seen most significant upswing in volume of wool tested. Year on year, 25% more wool has been tested though the Australian Wool Testing Authority (AWTA) in March, albeit with the month having the maximum possible working days of 23 per month. As of the end of March 2021, the AWTA had tested 0.9% less wool compared to the same period last season. Before the release of the April key test data, there is solid information suggesting that the April figures are tracking to the same growth in wool being presented for testing.
The Australian Wool Production Forecasting Committee’s (AWPFC) fourth forecast of shorn wool production for 2020/21 is 290 mkg greasy. This is a 2.1% increase on the 284 mkg estimate for 2019/20 as key wool growing regions experience favourable seasonal conditions.
The Committee’s first forecast for 2021/22 is for shorn wool production to be 305 mkg greasy, an increase of 5.1% compared with the current season. The current favourable conditions for wool
production are expected to extend into the new season boosting average cut per head. However, low sheep numbers will put a ceiling on shorn wool production.


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