• Financial and commodity markets have generally strengthened recently, following the last minute agreement to hold off the US fiscal cliff. Signs of strengthening in China’s manufacturing sector has also provided some confidence about the outlook for global growth
• While wool prices are expected to decline, we have slightly strengthened our forecasts to incorporate recent improvements in spot prices and positive indicators from futures markets
• Australian wool production remains set for fairly modest growth over the year ahead, with relatively stronger growth expected in fine wool production

For further analysis download the full report.

• Rural Commodities Wrap – January 2013 (PDF 188KB)