FUHRMANN NZ MARKET REPORT

Summary

Shorter wools dearer, fleece wools buyers favour.

Comment

North Island only selling today with 7,000 bales on offer.  The selection consisted of 30% hogget fleece, 31.0 to 35.0 micron, 15% ewe fleece, 36.0 to 40.0 micron, 35% early shorn/hogget second shear, 31.0 to 38.0 micron, 15% associated oddments and 5% miscellaneous types.  Keen widespread competition with China and Indian subcontinent main and support from Europe and United Kingdom.

Fleece Wools

75/100 mm & longer buyers favour.

Second Shears

75/100 mm & shorter hogget shears and early shorn 5% dearer.

Oddments

All descriptions firm.

Passings

5% Passed In.

Next Auction

South Island only selling with 5,500 bales on offer 28th November.

 

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 20-40 cents cheaper, skirtings 40 cents cheaper, open tops 15-20 cents cheaper.

FLEECE

Fleece prices were generally 20-40 cents cheaper today, good spec less affected. Prices opened at the lower basis and closed very soft.
Fleece had a passed-in rate of 28.1%.

SKIRTINGS

Skirtings were generally 40 cents cheaper.

OPEN TOP

Open tops were up to 15-20 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Market easier.

COMMENT

Sydney and Melbourne prices align with the market in Sydney more affected than Melbourne. Melbourne finished on a more positive market tone.

FLEECE

Generally 2% easier.

SKIRTINGS

17.5 micron and finer 1% easier, best least affected. 18.0 / 19.0 micron generally firm in a limited selection.

OPEN TOP

Generally firm.

 

Australian woolgrowers meet with The Schneider Group team to discuss market demands

A direct dialogue is the way forward

On 9 and 11 November 2019, Australian woolgrowers meet with staff members of the Schneider Group in Goulburn and Launceston to connect and to have an open dialogue about the wool market demand. Both events were held under the umbrella of the Schneider Group`s own integrity scheme Authentico.

At both events, Managing Director of G. Schneider Australia, Tim Marwedel, as well as the G. Schneider CEO, Jeffrey Losekoot, gave an introduction to the Schneider Group’s profile and global activities including its strategic commitment to creating a sustainable and traceable wool supply chain.

Tim Marwedel provided an overview of the Authentico integrity scheme to which over 450 Australian and New Zealand wool growers have already signed up. Only recently Authentico reviewed its scheme to only accept NM and CM declared wool. Jeffrey Losekoot explained to growers during the event, that the changes of the Authentico requirements were necessary as the demand from retail has shifted even more towards non-mulesing wool only. More and more retailers define their own sourcing policy with set goals to source NM wool only by a certain date. This stronger shift to NM wool also brings along a higher demand for traceability and sustainability in general, Mr. Losekoot explained further. The discussions after presentations had finished, circled especially around mulesing to better understand the nuances the brands and retailers are concerned about.

‘In order for the whole wool supply chain to have a future, it is vital for early-stage processors like the Schneider Group, to have a direct dialogue with woolgrowers across the country. Only through an open dialogue we can create a better understanding at both ends of the supply chain and find solutions jointly in order to meet the demand of the market.’ Mr. Losekoot summarised.
‘We write market reports, we publish regularly on our blog and post on social media in order to spread market information as best as we can, but at the end of the day, a good direct conversation is the best value we can get and hopefully we can also give to growers’, Mr. Marwedel described the group’s motivation behind meeting with growers.

Participating wool growers were an outstanding group of compassionate and highly educated professionals running big businesses. The health and wellbeing of their animals and the environment in which they live are essential for their business and future family generations. Many are at least 3rd generation wool growers, some up to 6th or 7th generation. The Schneider Group itself is a family business in 3rd generation and was founded in Sydney in 1922. This is why the Schneider Group appreciates the hard work wool growers are investing every day. A closer collaboration through the Authentico integrity scheme can help ensure a sustainable future for the generations to come. Participating wool growers expressed a high interest and motivation in better understanding who is buying their wool and where their wool ends up in the market.

At the event in Launceston, another announcement was made, as Wool Broker Roberts recognised the Schneider Group including the Authentico scheme as their preferred privileged partner for their new Natural Tasmanian Wool initiative.

Jeffrey Losekoot - CEO at G. Schneider

Jeffrey Losekoot – CEO at G. Schneider

Tim Marwedel - Managing Director at G. Schneider Australia

Tim Marwedel – Managing Director at G. Schneider Australia

AUSTRALIAN WEEKLY MARKET REPORT

Comment

Market volatility continued this week with a reversal of last week’s easing trend. Prices got off to a stronger start and stabilised on Thursday after overacting just a little late on Wednesday. All in all, it was a more promising market tone this week, particularly for the finer microns. It was the better lots 15.5 / 17.0 micron that attracted the most attention with the Chinese focus supported strongly from European interests. Our Authentico indicators performed in line with the general market for 15.0 / 17.0 micron but typically, our index values are more stable than the general market for 18.0 and 19.0 micron.

AWEX Eastern Indicator compared with 8/11/2019

Eastern Indicator

Close: 1574

Change in % +1.22

If you want to learn more about AWEX indicators, visit the official website http://www.awex.com.au

Authentico Index Values

15 Micron

Close: 2542

Change in %: +1.72

16 Micron

Close: 2333

Change in %: +2.32

17 Micron

Close: 2181

Change in %: +2.59

18 Micron

Close: 2064

Change in %: +0.98

19 Micron

Close: 1965

Change in %: +0.98

Authentico Indicator

Close: 2191

Change in %: +1.81

Forecast

There was more interest from the Chinese sector this week, as mentioned in our weekly comment, this was more focused on the finer merinos. We’ve said for a while now that they have appeared better value. Now that selection is slowing for the better fine wool, if interest from China is maintained, we remain positive for this market. Production is particularly affected in this range, specifically when considering quality types.

Our thoughts are with our wool grower friends now battling bush fires after lengthy period of drought and costly supplementary feed bills. Their resilience in these times is extraordinary and our support and best wishes for a satisfactory outcome.

Auction offering – current week

Selling Centres for week 20

Market          Sale          Offered             Sold       Passed In

North                      S 20                      9781                        9139                   6.6%

South                     M 20                     19985                      18741                  6.2%

West                       F 20                       6344                         5704                 10.1%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 21                       W-T                           10015

South                      M 21                      W-T                           21779

West                        F 21                       W-T                            8932

 

If you want to see the complete Wool Sales Roster click here.

FREMANTLE MARKET REPORT

COMMENT

Fleece generally 20-30 cents cheaper, skirtings 15 cent cheaper, open tops 15-20 cents cheaper.

FLEECE

Fleece prices were generally 20-30 cents cheaper today. Prices opened at the lower basis and maintained these levels throughout the sale.
Fleece had a passed-in rate of 19.1%.

SKIRTINGS

Skirtings were generally 15 cents cheaper.

OPEN TOP

Open tops were up to 15-20 cents cheaper.

 

 

EASTERN AUSTRALIAN MARKET REPORT

Superfine wool keenly sought.

COMMENT

Medium and broader microns have settled a little today. Less extreme.

FLEECE

Best 17.0 micron and finer up to 1% dearer with 15.5/16.0 micron most affected.

Best 17.5 / 18.0 micron fully firm.

Good / average 17.0 micron and finer firm unchanged

Good / average 17.5 / 21.5 micron up to 1% easier

SKIRTINGS

Irregular but tending firm unchanged for good types.

OPEN TOP

Fully firm.

 

NEW ZEALAND MARKET REPORT

Summary

Market stronger.

Comment

The auction today was held at the Canterbury A&P Show today allowing the opportunity to showcase the auction process to growers and other show attendees some of which will never have witnessed a wool auction before.  The New Zealand fine wool market was much stronger when compared to the last sale held in Christchurch.  There was a good selection of wools 14.0 micron through to 22.0 micron.  While there was a significant proportion of hogget wools there were also some excellent adult wools on offer.  The fine wool market when compared to the last sale held in New Zealand was between 3 and 10% dearer.  Finer wools less than 17.5 micron were betwen 5-10% dearer.  18.0 to 19.5 micron were up to 5% dearer.  There was excellent competition with a full bench operating across all fine wools with spirited bidding.

FUHRMANN NZ MARKET REPORT

Summary

Market dearer.

Comment

South Island only selling today with 8,200 bales on offer.  The selection consisted of 65% ewe and hogget fleece, 33.0 to 38.0 micron, 12% merinos including carding types, 8% Halfbred & Corriedale fleece and 15% ewe and hogget oddments.  Widespread competition with China main and support from Europe, the United Kingdom, India and the Sub-Continent.

Fleece Wools

16.0 to 19.0 micron plus 6%.

20.0 to 23.5 micron plus 3.5%.

24.0 to 27.5 micron plus 10%.

28.0 to 30.0 micron generally plus 6%.

31.0 to 38.0 micron sellers favour.

Second Shears

75/100 mm and shorter firm.

Oddments

Crossbred oddments all descriptions sellers favour.

Merino cardings plus 4%.

Passings

12% Passed In.

Next Auction

North Island only selling with 7,200 bales on offer 21st November.

 

EASTERN AUSTRALIAN MARKET REPORT

Market dearer, Chinese dominant.

COMMENT

All descriptions harder to buy in a largely miscellaneous offering.

FLEECE

All types, irrelevant of quality –

17.5 micron and finer 2% dearer

18.0 / 19.5 micron 3% dearer

20.0 / 21.5 micron 2.5% dearer

SKIRTINGS

17.0 micron and finer 3% dearer

17.5 / 19.5 micron 2% dearer

OPEN TOP

2% dearer