Curtis Wool Direct

New Zealand Wool Market Report (16 January 2020)

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The first South Island sale of the year opened out on a fairly subdued note with buyers being cautious with their purchases. New seasons’ Lamb’s wool attracted a mixed response with buyers being more selective towards low VM, well grown styles.

A limited offering of mid-micron wool saw keen bidding with buyers wanting to secure volumes on the back of very strong opening wool sales from across the Tasman this week. Compared to the previous Christchurch sale 19 December Xbd fleece 31 to 35 microns were 2 to 5% cheaper. Xbd fleece 35 microns and stronger were 2 to 2% cheaper. Xbd 2nd shear was largely unchanged. Xbd oddments were 3 to 5% cheaper. Mid-micron was 1 to 3% dearer on a limited offering. Xbd lambs were 1 to 5% cheaper with less stylish ones most affected. 14% was passed in failing to reach grower reserves. The next sale is scheduled for 30 January. NZ/US$ rate: 0.661 compared to last sale of 0.657 held 19 December. Strong XB Market indicator this sale: 289c/kg COF Strong XB Market indicator last sale: 295c/kg COF

Main buyers: NZWSI 4210 bales, Masurel 4100, Fuhrmann 2350, Curtis 1380, Bloch & Behrens 690, WGR 570, J Marshall 500

Next Auction- North Island only offering 8,000 bales 23 January

Source: Wrightson NZ & NZWSI

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