Hopes of recovery for Australian wool despite low production

摘要

While Australian wool production is forecast to remain at an 80-year low this year, the Australian Wool Production Forecasting Committee is pointing to signs of recovery, with higher sheep prices and better rainfall being positive signs for Merino ewe production. "While sheep numbers in 2009/10 are lower, reports from the State committees indicate that growers are keen to retain Merino ewes as the basis of their enterprises, which is a positive for wool production beyond 2009/10," Australian Wool Production Forecasting Committee Chairman Russell Pattinson said.