Curtis Wool Direct

NZ Wool market Report – 6 February 2020

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Difficult trading conditions today for most wool types as buyers were exercising caution in response to limited new business mainly out of China. Xbd Lamb’s wool continues to slide traumatically, especially ones showing even medium levels of vegetable matter. Interestingly, a good selection of mid-micron wool on offer received strong demand from the floor and did not reflect the substantial fall seen from across the Tasman this week.

Compared to the previous Christchurch sale 16 January Xbd fleece 31 to 35 microns were 2 to 5% cheaper. Xbd fleece 35 microns and stronger were up to 3% cheaper with the best styles most affected. Xbd 2nd shear was largely unchanged. Xbd oddments were 2 to 3% cheaper. Mid-micron was unchanged on a limited offering. Xbd Lambs were 5 to 10% cheaper with less stylish ones most affected. 17% was passed in failing to reach grower reserves.

NZ/US$ rate: 0652 compared to last sale of 0.661 held 16 January.

Strong XB Market indicator this sale: 282c/kg COF.

Strong XB Market indicator last sale: 289c/kg COF.

Main buyers: NZWSI/JSB 1250 bales, Masurel 1200, Ascot 440, Fuhrmann 400, G Modiano 200, IWL 170, Bloch & Behrens 140 bales.

The next sale is scheduled for 13 February.

Source: PGG Wrightson Wool

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