The Results Were Significant &Nbsp; The Australian Wool Market Rose.
The fine results of the sub wool market have rekindled.
Australia
Hope for revival of wool industry.
Australian wool producers continued to be in good season, and wool prices were at a high level because the sheep were raised.
Number
Low, in the process of asymptotic.
Despite the current economic crisis, especially in Europe, it is Australia.
wool
One of the main concerns of the industry is that manufacturers expect high prices this year.
It seems that wool has returned to popularity because wool has been favored by young generations of consumers and Brand Company of several storage products in recent years.
The Australian Bureau of agricultural resources economics and Science (ABARES) expects Australia's wool production to grow by 4% in the 2011-12 season to 446 thousand tons, due to the increase in sheared sheep and the sheared growth of single headed sheep.
In the 2010-11 season, Australia's sheep stock increased by 9% to 74 million 300 thousand. In the current season, it is estimated that the stock of sheep has increased by 5.4% to 78 million tons.
However, the average shearing weight of a sheep averaged 4.3 kg in the last season.
The rise in Australian wool production may lead to a decline in prices. The Australian agricultural economic resources and technology bureau predicts that the price of wool in the eastern Australian market index will drop by 2% in the 2011-12 season, averaging 11.10 Australian dollars / kg.
On the export side, the demand for wool in China's domestic market may be very high because of the rising influence.
But weak growth in debt crisis in Japan, the US and Europe may be depressed by demand in those countries.
In 2012, Australia's bayberry sore account is expected to exceed the value of last year, about 3 billion Australian dollars.
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