Curtis Wool Direct

New Zealand wool market Report (28 November) 2019

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A limited but varied offering of types ranging from Xbd hogget fleece to later season Merino types saw the market deliver sluggish returns to growers compared to the previous Christchurch sale two weeks ago.

Most of the resistance came from the Asian sector with buyers purchasing only hand to mouth orders. Compared to the previous Christchurch sale 14 November Xbd fleece 31 to 35 microns were 2 to 4% cheaper with the longer length types most affected.

Xbd fleece 35 microns and stronger were largely in sellers’ favour. Xbd 2nd shear was unchanged. Xbd oddments were unchanged. Mid-micron fleece was 1 to 3% cheaper on a limited offering. Merino fleece was 4 to 6% cheaper on the back of downward prices across the Tasman this week. 22% was passed in failing to reach grower reserves.

The next sale is scheduled for 5 December. NZ/US$ rate: 0.642 compared to last sale of 0.641 held 14 November. Strong XB Market indicator this sale: 301c/kg COF Strong XB Market indicator last sale: 320c/kg COF.

Main buyers: Fuhrmann 1300 bales, NZWSI/JSB 1265, Masurel 1100, Bloch & Behrens 320, Chargeurs 250, GM 130, GS Merino 110, J Marshall 100, Curtis 75, New England 50

Source: PGG Wrightson Wool

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