Drop of 21 per cent in weight of wool tested by AWTA

Screen Shot 2016-05-18 at 8.41.27 AMThe statistics on wool tested by AWTA in June and for the full 2015/16 season shows a sharp 21% drop in the weight of wool tested in June across Australia compared with June 2015.

This is no surprise after the 27% year-on-year jump in June 2015.

It brought the weight of wool tested in June this year back to the levels seen in 2011/12 through to 2013/14.

For the full 2015/16, AWTA tested 7% less wool than in 2014/15.

This is in line with the most recent forecast from the Australian Wool Production Forecasting Committee.

It must be remembered, however, that the weight tested in 2014/15 was inflated by wool released from on-farm stocks as a result of the surge in wool prices in June 2015.

The drop in wool tested this season may therefore overstate the actual decline in production.

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