170 likes | 329 Views
Outlook for fibres. Gwendolen Rees Commodities analyst ABARES. Eastern Market Indicator. Aus cents. US cents. Shorn wool production & wool price. Shorn wool production & wool price. Australian sheep flock. South African wool exports distribution by micron. 2005-06. 2009-10.
E N D
Outlook for fibres Gwendolen Rees Commodities analyst ABARES
Eastern Market Indicator Aus cents US cents
South African wool exports distribution by micron 2005-06 2009-10 Micron midpoint
Wool prices by micron 19 µm 21 µm 23 µm
Australian wool exports other India China
Outlook for wool Short term • EMI ▲ 2%1050 c/kg clean next season • Shorn wool production: ▲ 2% 342 kt greasy Medium term • China to increase domestic wool consumption • Sheep flock ▲ 7% to ~73 million head
World price & stocks-to-use ratio indicator price stocks-to-use ratio
Australian cotton production and returns $/bale 2010-11 kt
Outlook for cotton Short term • Cotton indicator ▼24% to US105 c/lb (2011-12) • Record Australian production: ▲ 24% 1.1 Mt Medium term • World prices to decline as stocks-to-use recovers