Sales will be held in Sydney, Melbourne and Fremantle next week, when 44,300 bales are currently rostered for the last sale before the mid-season break. There was no comparative sale in Week 2 last season.
South African sales are in recess until 20 August.
The National Wool Production Forecasting Committee met yesterday. Theirs forecast for 2007/08 was 400 mkg, compared with the last forecast of 405 mkg in March and production of 430 mkg in the previous season. The forecast for 2008/09 was also revised downwards from the March estimate. In this case from 405 to 385 mkg, reflecting the deteriorating seasonal conditions and the rising prices for other farming enterprises.
Australian Wool Innovation Limited
marketing@alchempro.com
