IWTO Offers International Updates
October 6, 2017

The International Wool Textile Organization's monthly newsletter in October offered two updates of importance to American wool growers.

The first is that according to the Australian Wool Production Forecasting Committee, Australian shorn wool production for 2017-2018 will be around 340 mkg. The Committee also notes that, despite high mutton prices, producers are encouraged to retain sheep due to high Merino wool prices and strong lamb price levels. Read more from Sheep Central at: https://www.sheepcentral.com/australian-wool-production-forecast-kept-at-340mkg-for-2017-18/.

In addition, the European Union is set to open trade negotiations with Australia and New Zealand, which might include commitments on animal welfare. To get a mandate from EU member states, the commission has submitted two proposals on the scope and objectives of the future trade deals. Among other things, the trade deals should cover enhanced market access for goods, including tariff elimination for most goods with exceptions for sensitive sectors. The EU also aims to include provisions on sanitary and phytosanitary measures and possible commitments on equivalence on animal welfare.

Source: IWTO