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Australian wool production forecast

The latest Australian Wool Production Forecasting Committee's forecast of shorn wool production for 2024/25 is 280 million kilograms greasy.

The latest Australian Wool Production Forecasting Committee's forecast of shorn wool production for 2024/25 is 280 million kilograms greasy.

This figure is an 11.8% decrease on the 2023/24 estimate, with declines ranging from more than 18% in WA and SA, to around 8–9% in NSW, VIC and QLD, and 1.1% in TAS.

Average cut per head is expected to be comparable with 2023/24, at 4.45kg greasy, down 0.2%.

Committee Chairman, Stephen Hill said "the revised forecast reflects the continuing drought conditions in western Victoria and South Australia and a decrease in the number of sheep shorn and shorn wool production in all states. ​​​​​Commodity prices, input costs and variable seasonal conditions continue to impact sheep producers’ decisions regarding their enterprise mix, particularly in WA where wool test volumes and first-hand auction offerings were down by 17.8% and 21.2% respectively to the end of March.”

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