NEW ZEALAND MARKET REPORT

Summary

Market continues to rise for coarser types.

Comment

South Island only offering 8,200 bales.  The selection consisted of 48% crossbred fleece good/average colour, 15% crossbred second shear, bulk good style 75mm, 7% lambs fleece average/good style, 3% merino fleece, 10% halfbred fleece good style 24.5micron and coarser, 13% associated oddments and 4% miscellaneous types.  Keen widespread competition with Indian Sub Continent and United Kingdom main supported by Europe, China and Australasian carpet mills.

Fleece

Better style crossbred fleece firm.

Poorer style crossbred fleece 4% dearer.

Halfbred fleece 25.5 micron and finer 5% cheaper.

Halfbred fleece 26.0 micron and coarser up to 7.5% dearer.

Second Shears

Good colour sellers favour.

Lambs

7.5% dearer.

Oddments

Combing oddments sellers favour.

Clothing oddments buyers favour.

Passings

5% Passed In.

Next Auction

North Island only offering 6,600 bales Thursday 5th August.

NEW ZEALAND MARKET REPORT

Summary

Market mixed.

Comment

South Island only offering 5,800 bales.  The selection consisted of 40% crossbred fleece generally good colour, 5% early season halfbred fleece, 30% crossbred second shear, good colour, 8% lambs fleece good style and 17% associated oddments.  Keen widespread competition with Indian Sub Continent and United Kingdom main supported by Europe and Australasian carpet mills.

Fleece

Crossbred good style up to 2% dearer.

Crossbred average style fleece 2% cheaper.

Halfbred fleece buyers favour.

Second Shears

Good style up to 2% dearer.

Lambs

Buyers favour.

Oddments

All descriptions 2% dearer.

Passings

7% Passed In.

Next Auction

North Island only offering 7,200 bales Thursday 22nd July.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

There were only minor changes in the market from the close in Melbourne last week. Prices for better specification types from 18.0 to 21.0 micron were generally firm over the week with some irregular results related mainly to the tested vegetable matter. Considering the large volume offering it was a very satisfactory result. There was some adjustment in the superfine wool market but it’s worth noting the offering in Melbourne last Thursday included some stylish and well-prepared superfine clips that attracted Italian competition. It was noted again that, while Chinese interests again dominated, there was competition from a wider range of buyers.

AWEX Eastern Indicator compared with 09/07/2021

Eastern Indicator

Close: 1428

Change in % +0.56

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

Authentico Index Values

15 Micron

Close: 3898

Change in %:  +0.67

16 Micron

Close: 3127

Change in %: -2.19

17 Micron

Close: 2671

Change in %: -1.55

18 Micron

Close: 2287

Change in %: -0.91

19 Micron

Close: 1884

Change in %: -1.97

Authentico Indicator

Close: 2691

Change in %: -1.25

Forecast

Wool auctions are now in the winter recess with sales to resume the week of August 9th (week 06).

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 02                  18005                 15849               12.0%

South                     M 02                  21839                 19230               11.9%

West                       F 02                    9159                    7362                19.6%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      recess

South                      recess

West                        recess

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

FREMANTLE MARKET REPORT

COMMENT

Fleece 5-10 cents cheaper, skirtings and open tops unchanged.

FLEECES.

The fleece market opened softer today, with 18.0u and finer the most affected falling by 20-30 cents. However as the sale progressed there was strong demand for better style fleece which saw prices edging higher than yesterday’s levels. Overall the market closed on a strong note.

The passed-in rate for fleece was 23.1%.

SKIRTINGS

Skirtings finished the day unchanged.

OPEN TOP

Open tops were generally unchanged.

 

EASTERN AUSTRALIAN MARKET REPORT

Market closed on a generally firm tone.

COMMENT

Considering the volume on offer and the variable quality, it was a very good result. Good competition remained until the close.

FLEECE

Best fleece with VM 1.0 closed generally firm

All other descriptions a little easier, up to 1%.

SKIRTINGS

Good skirtings firm unchanged.

OPEN TOP

Unchanged.

FREMANTLE MARKET REPORT

COMMENT

Fleece 20-50 cents dearer, skirtings 15 cents cheaper, open tops 25 cents dearer.

FLEECES.

20.0u and finer fleece was generally firm 20-25 cents dearer today, while broader microns were up to 50 cents dearer.  As we have seen in past several sales low vm, best style fleece was keenly sought after and attracted the bigger premiums.

The passed-in rate for fleece was 23.5%.

SKIRTINGS

Skirtings finished the day 15 cents cheaper.

OPEN TOP

Open tops were generally 25 cents dearer.

 

EASTERN AUSTRALIAN MARKET REPORT

Market rallied for broader merino types with 16.5 to 19.5 micron slightly easier with B&C fault most affected.

COMMENT

Ultrafine microns steel the show with excellent competition from China & Europe. RWS continue to attract keen competition.

FLEECE

Best style/strength FNF 19.5 micron and finer generally 1-2% easier.

Good/Ave style generally 2% easier.

All 20/215 micron generally sellers favor in keen competition.

SKIRTINGS

Best style/length FNF 1% dearer.

B/C Fault firm.

OPEN TOP

All descriptions 1% dearer.

James Symes G. Schneider Australia

New addition to the G. Schneider Australia team

James Symes joins the G. Schneider Australia team

Starting 1 July 2021, the G. Schneider Australia team will be joined by James Symes. James will be based out of the Brooklyn office in Melbourne and support our Wool Manager Mark Symes. 

James has a Bachelor’s Degree in Environmental Science, majoring in Wildlife and Conservation Biology, which he graduated from the University in 2015. He also holds a Diploma of Water Operations from his previous work as well. 

By joining G. Schneider Australia, James will be entering the wool industry for the first time in his career. However, James says: ‘listening to my father Mark’s passion about all things wool and taking a keen interest in the Authentico program, I’ve been able to get a bit of background knowledge of the industry for which I am excited to learn and grow in.’

James’s responsibilities will include: 

  • Appraise and value wool to clients types and standards
  • Bid, buy and build consignments to client specifications. 
  • Provide market information pre/post-sale
  • Actively promote supply chain opportunities 

In addition to being active in the wool store, James will also eventually manage and coordinate the Authentico on-farm accreditation scheme by working closely with wool growers, brokers, and other industry bodies to ensure the reliability of the Authentico scheme within the supply chain.

When asked what motivated James to join the Schneider Group via the Melbourne office his reply was that ‘The Schneider Group’s sustainability focus to the wool industry really stood out to me as something I wanted to be a part of in conjunction with the Authentico Integrity Scheme, I am really excited to help in the implementation of “Together 2030” sustainability strategy of the company.’

We welcome James Symes as a member to the international Schneider Group team and wish him a good start.

AUSTRALIAN WEEKLY MARKET REPORT

Comment

The new selling season, as is often the case, has started with a very large national offering. 51,000 bales were offered, many of them held in store for months as growers chose to sell in this sale for income tax reasons. Having wool readily available for sale is also very useful for farm cashflow. All things being considered, the market has performed exceptionally well. Tuesday’s auction, while a little cheaper, was a much better result than many expected and in fact finished the day strongly in Fremantle. This was followed through to Thursday with prices making further gains. In all nearly 45,000 bales were sold, representing a clearance rate of 87.4%. The price premium for fine and superfine types remains very healthy and we are encouraged by the level of competition on these types from many sectors including those supplying Italian weavers. Superfine wool has been keenly sought after in recent months.

AWEX Eastern Indicator compared with 02/07/2021

Eastern Indicator

Close: 1420

Change in % -0.21

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

Authentico Index Values

15 Micron

Close: 3872

Change in %:  +4.96

16 Micron

Close: 3197

Change in %: +1.94

17 Micron

Close: 2713

Change in %: +1.72

18 Micron

Close: 2308

Change in %: +0.52

19 Micron

Close: 1922

Change in %: +1.0

Authentico Indicator

Close: 2725

Change in %: +1.87

Forecast

We have just the one sale remaining before the annual three-week winter recess. The wool market has performed much better than all expectations over the past six months. Obviously, market strength is determined by supply and demand. Supply, in our opinion, remains low and this will influence short term volatility but at the same time have a positive long-term effect on price. We remain of the opinion that wool prices still appear at reasonable levels.

Auction offering – current week

Market          Sale         Offered        Sold       Passed In

North                      S 01                  16212                  13923               14.1%

South                     M 01                 23627                  21175                10.4%

West                       F 01                   11421                    9721                14.9%

Auction offering – next week

Market          Sale          Sale days          Volume

North                      S 02                     T-W                             18149

South                     M 02                     T-W                             23295

West                       F 02                      T-W                              9883

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

EASTERN AUSTRALIAN MARKET REPORT

Melbourne only market selling today.

COMMENT

The market finished in positive territory today with Best style fine wool keenly sought by all sectors.

FLEECE

Best style/strength  FNF 19.5 micron and finer including RWS were extreme.

Good/Ave style 165 to 215 micron generally 1-2% dearer.

Inferior & B/C Fault generally 1% dearer.

SKIRTINGS

Best style/length FNF 1-2% dearer.

B/C Fault 1% dearer.

OPEN TOP

All descriptions 1% dearer.