Australia's wool production is expected to fall slightly over the next year, according to the latest industry forecasts released today (10 December).

The Australian Wool Production Forecasting Committee lowered its forecast for the 2010/11 season to 335 mkg greasy, down 5 mkg on its earlier calculations.

The reduction is blamed on worsening seasonal conditions in Western Australia resulting in lower fleece weights, and fewer sheep in that state.

The latest forecast is a decline of 2.3% on the 2009/10 shorn wool production level. However, despite the downward revision, the forecast is seen as consistent with a slowing in the decline in wool production in Australia.