June ASI Wool Journal Available

June 10, 2016

The June 2016 issue of the ASI Wool Journal is available with headlines that read U.S. Wool Apparel Imports Continue to Slide, Solid Consumer Confidence in the U.S. and the EU in Spite of Concerns about Deflation, Export Volumes from Main Raw Wool Exporters Decline, U.S. Raw Wool Exports Rise Prices and Prices for Finer Apparel Wool Marches On, Broader Wool Prices Pause.

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 column, Wilcox states, "Wool production in many of the major wool producing and exporting countries is expected to decline in the 2015-2016 season. Wool production is expected to decline in Australia (-7 percent), New Zealand (-2.2 percent), South Africa (-1 percent) and Uruguay (-8.8 percent). Production is expected to be flat in Argentina. In contrast, wool production in the United States is expected to increase by 1.5 percent.

"The decline in production is being reflected in the volume of raw and semi-processed wool exports from these countries in the 2015-2016 season to date. In total, the volume of wool exports from these five exporting countries plus the United States has fallen by 8.8 percent to April. Export volumes from Australia and New Zealand have both fallen by 9 percent, while exports from Uruguay were down by 12 percent. Even though Argentina's wool production is expected to be steady in 2015/16, its exports have dropped by 7 percent. On the other hand, exports from South Africa have increased slightly (by 1 percent). The best result has been for the United States, with wool exports rising by 5 percent."

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