Curtis Wool Direct

New Zealand Wool Market Report (20 December 2018)

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The market for the reduced offering and the last sale of the year saw prices finish on a sombre note for most styles of Xbd wool reflecting the difficult place these wools are in the global market. There was more activity for new seasons’ lamb’s wool especially the sub 30 micron and some of the more stylish 30 to 33 micron hogget wools.

A limited offering of mid-micron and Merino wool has also received solid support from buyers continuing the strong Chinese demand for these types. Xbd fleece 30 to 33 microns 1 to 3% dearer with the finer and stylish ones most affected. Xbd fleece 34 microns and stronger were up to 2% cheaper.

Xbd 2nd shear were largely unchanged. Xbd oddments were 1 to 3% cheaper. Mid-micron 25 to 30 micron were 1 to 3% dearer with the stylish ones most affected.

Xbd lambs were generally sellers’ favour. 18% was passed in failing to reach grower reserves.

NZ/US$ rate: 0.678 compared to last sale of 0.685 held 29 November.

Strong XB Market indicator this sale: 311c/kg COF

Strong XB Market indicator last sale: 318c/kg COF

Main buyers: NZWSI / JSB 4030 bales, Masurel 3412, Fuhrmann 2200, Bloch & Behrens 1340, Chargeurs 1000, Ascot 650, G Modiano 525, J Marshall 460, JP 200.

 

The next sale is scheduled for 10 January.

 

Source: PGG Wrightson Wool / NZWSI

 

 

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