World Wool Production to Rise in 2017
December 16, 2016

The December 2016 issue of the ASI Wool Journal is available with headlines that read: Lackluster retail sales as Fall/Winter begins, Lift in Australian wool production in 2017, Fine wool prices jump and US Sheepmeat production falls and imports from Australia rise.

The American Sheep Industry Association commissions Chris Wilcox, a leading analyst and commentator on the global wool industry, to produce the ASI Wool Journal, which offers insight into the U.S. and global wool markets.

In his Wool Production and Supply section, Wilcox explains, "World wool production is predicted to lift in 2017 after falling back in 2016. While several countries expect to increase production in 2017, the main driver will be an increase in Australia, the largest wool producing country.

"World wool production declined by almost 2 percent in 2016 due to a combination of poor seasonal conditions in some major wool producing countries (notably Australia and New Zealand) and competition from other farming enterprises (including dairying, cropping and the use of sheep to produce meat). The most significant declines in 2016 were recorded in Australia, New Zealand, Argentina and Uruguay. In Australia, dry and drought conditions in most of the eastern half of Australia caused a sell-off of sheep and lower fleece weights.

"The United States showed a small increase in wool production from 2015 to 2016 and is predicted to have another small increase in 2017," Wilcox stated.

Read the entire story in the October ASI Wool Journal at www.sheepusa.org/NewsMedia_OtherPublications_AsiWoolJournal.