Curtis Wool Direct

New Zealand Wool Market Report – 28 September 2018

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A large offering of all wool types saw prices finish cheaper compared to the previous Christchurch sale held 14 September. Mid-micron wools suffered another heavy fall in price largely attributed to Asian sector pulling out of the market. The effects of this were felt even into the finer end of the Xbd wools, coincided unfortunately when Xbd hogget wools are coming forward.

 

After hard fought slight gains in recent sales, Xbd fleece also finished easier, marking largely the end of pre-lamb shorn wools. An excellent offering of Merino wools sold well with an almost full clearance of these wools. Compared to the previous Christchurch sale, held 14 September Xbd fleece 31 to 34 microns 5 to 8% cheaper. Xbd fleece 35 microns and stronger were 3 to 5% cheaper. Xbd 2nd shear was 2 to 3% cheaper on a limited offering. 24 to 30 micron fleece was 6 to 9% cheaper. 28% passed in failing to reach grower reserves. The next sale is scheduled for 12 October. NZ/US$ rate: 0.721 compared to last sale of 0.724 held 14 September. Strong XB Market indicator this sale: 332c/kg COF Strong XB Market indicator last sale: 356c/kg COF

 

 

Main buyers in bales: NZWSI / JSB 1890, Masurel 1800, Fuhrmann 1200, Bloch & Behrens 850, G Modiano 850, Curtis 632, WG Robinson 450, J Marshall 340, GSM 331, Standard Wool 236, Schneider 228, New England 227, Chargeurs 150.

 

Source: PG Wrightson Wool / NZWSI

 

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