Australian wool prices are forecast to rise in the 2026-27 season, driven by increased competition among Chinese mills to secure wool supplies.

According to the Australian Farm Data Journal, wool values are expected to increase by 6% to AUD 3.1 billion in the season.

This comes as Chinese textile manufacturers ramp up procurement ahead of the northern hemisphere winter season.

The forecast contrasts with cattle and sheep saleyard prices, which are expected to moderate due to a drier climate outlook and weaker export demand.

The wool price strength reflects China's continued reliance on high-quality Australian and New Zealand wool for premium textile production, despite broader trade diversification trends.

受中国纺织厂争夺羊毛供应的竞争加剧推动，澳大利亚羊毛价格预计在2026-27年度上涨。

据《澳大利亚农场数据杂志》报道，该年度羊毛价值预计将增长6%至31亿澳元。

这发生在中国纺织制造商在北半球冬季前加大采购之际。

该预测与牛羊销售价格形成对比，后者因气候前景偏干和出口需求减弱而预计走软。

羊毛价格走强反映了中国对高端纺织品生产所需优质澳新羊毛的持续依赖，尽管存在更广泛的贸易多元化趋势。

Comment:

The wool price outlook is positive for both Australian and New Zealand producers.

China's textile industry remains heavily dependent on premium wool from the Australasian region, and this dependency is unlikely to shift in the near term.

For NZ wool exporters, the Australian price signal provides a useful benchmark.

The 6% forecast increase, while modest, adds to the overall positive sentiment for NZ's agricultural export basket.

We see this as a stabilising factor in an otherwise challenging export environment.

羊毛价格前景对澳大利亚和新西兰生产商均为利好。

中国纺织业仍高度依赖澳新地区的优质羊毛，且这种依赖在短期内不太可能改变。

对新西兰羊毛出口商而言，澳大利亚价格信号提供了有用的基准。

虽然6%的预测涨幅温和，但它为新西兰农产品出口整体增添了积极情绪。

我们认为这是在整体具有挑战性的出口环境中的一个稳定因素。