Wool forecast lifts slightly

THE Australian Wool Production Forecasting Committee (AWPFC) has updated its forecast of shorn wool production for the 2023/24 season to 328 million kilograms (Mkg) greasy.

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Shorn wool production is forecast to be 328mkg greasy or 2023/24.

The forecast is unchanged from the 2022/23 estimate and a 4.0 Mkg greasy upward revision of the August 2023 forecast.

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