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Australia:Wool production trends out |
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2004-9-24
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Australian Wool Innovation (AWI) has commissioned a study to look at what is required for a more commercially useful wool production forecast.
The first stage of this study (Flock Modelling Project: User Requirements Report) is just out. This is a project long overdue, as a vital step in selling is to tell your customer what it is that you have to sell.
In this sense the wool industry historically has released a guesstimate on the total volume of greasy wool for a season. This is akin to the US Department of Agriculture releasing an estimate that 322 million tonnes of grain and oilseeds will be produced in the United States during the coming season and leaving it at that, with no estimates for the different components or their grades.
The draft report is available off the AWI website under the Innovation\Logistics and Fibre Specification section. In the meantime the wool market continues to drift along.
Both New Zealand and South African quotes are level with or above their Australian equivalents, which continues to suggest that the market is on a solid demand base.
A total of 64,194 bales were offered this week of which the trade bought 88.1 per cent. The trade purchased 88.0 per cent of the Sydney offering (20,770 bales), 90.3 per cent of the Melbourne offering (27,461 bales) and 85.4 per cent of the Fremantle offering (15,180 bales).
Next sales include 59,569 bales; Newcastle N12, September 21-23, (21,943), Melbourne M12, September 21-23 (23,203 bales) and Fremantle F12, September 22-23 (14,423 bales). |
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