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Short-term demand for wool is the best since the global financial crisis, according to industry analyst Chris Wilcox from Poimena Analysis.
Wool production is currently at a 50-year low worldwide.
Mr Wilcox said Australian producers should consider forward selling wool into next year, especially if they produce a broad micron.
He said that while there might be some volatility from week to week, prices would remain at their current high levels.
"The short term is going to be driven in part by what happens in retail in the coming autumn/winter and the prospects there are pretty good," he said.
"It means we will see fairly consistent demand over the next six months for raw wool and, at the same time, after seeing all that wool come onto the market in June, it has cleaned out brokers stocks and that will mean, I suspect, the only wool that can be available is wool that is being produced right now.
"And that will mean that there might be a bit of a supply constraint.
"As a result, I think we can expect to see the current price levels be maintained.
"There might be some volatility from week to week, but certainly maintained or maybe even on the upside."
Topics: wool, sheep-production, manufacturing, agricultural-prices, agricultural-marketing, ravensthorpe-6346
