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Bumper wool clip

NZPA Sydney Australia is headed for its second highest wool clip on record this financial year, the Australian Bureau of Statistics has forecast. For the year to June 30, 1989 the bureau says 192 million sheep and lambs will be shorn — three per cent higher than the 186 million in 1987/88, and the highest number of sheep and lambs shorn since 192.7 million were fleeced in 1969/70. A wool clip of about. 876,300 tonnes of wool is expected, up 4.2 per cent on 841,046 tonnes in 1987/ 88, making a record yield of 4.56 kilograms cut per

head, the bureau said. The current record for shorn wool production is 837,400 tonnes in 1969/70 and a 4.53 kg cut per head in 1986/87. Prices for most Merino wool types are up by about 50 per cent on last season and more than double the return of three years ago. The record prices were inducing many grain and wheat farmers to switch to wool growing, according to an economist with the New South Wales Farmers’ Association, Mr lan Robinson. Most of the switching was taking place in N.S.W. where farmers enjoyed

the ability to adjust their mix of enterprises to maximise income more than in any other state. ‘‘Many wool producers are spending money on their properties for fences, fertilisers and machinery. It’s money they haven’t had since the 1983 drought,” The only negative factor on the horizon is.an expected short term resistance from manufacturers and consumers to the record wool prices. Some in the wool industry believe prices have peaked, while others expect strong market demand to translate into further price rises.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/CHP19880805.2.94.3

Bibliographic details

Press, 5 August 1988, Page 18

Word Count
274

Bumper wool clip Press, 5 August 1988, Page 18

Bumper wool clip Press, 5 August 1988, Page 18

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