The AWI Wool Production Forecasting Committee aims to provide the best possible estimates of future sheep numbers for wool production.

The Committee produces consensus-based, authoritative forecasts of Australian wool production four times a year.

Key inputs into the forecasting process are the joint grower surveys conducted each year by AWI and MLA, AWTA’s Key Test Data, and AWI’s own statistical model for forecasting.

Forecast Reports

The Committee releases its forecasts of production in the form of a press release and a report providing the detailed forecasts, historical data and commentary on the key drivers of the forecasts.

National Committee Members

The Committee is funded by Australian Wool Innovation Limited, which also provides a representative in the role of the Chairman of the National Committee.

The Committee has a two-level structure, with a National Committee considering information and advice from state sub-committees.

The National and state sub-committees comprise wool producers, wool brokers, exporters, processors, private treaty merchants, AWEX, the Australian Wool Testing Authority, ABARE, the Australian Bureau of Statistics and The Woolmark Company.

Background

The Committee met in April 2002 for the first time operating under new arrangements. The Committee was previously conducted under the guidance and sponsorship of the Australian Wool Exchange Limited (AWEX).

Over a rigorous week-long round of meetings the Committee considers seasonal conditions, sheep slaughterings, live sheep exports, AWTA wool test results and wool producer surveys to forecast Australian wool production.

Wool grower surveys

The latest issue of the Wool Desk report (PDF 324KB) can be downloaded from Department of Agriculture and Food, Western Australia site.