NEW ZEALAND MARKET REPORT

Summary

New Zealand market fell when compared to last Christchurch sale but in line with the Australian market.

Comment

The New Zealand fine wool market played catch up (or catch down) with Australia.  After the falls seen last week in Australia but then subsequet rises this week, we saw the finer wools (less than 18.5 micron) fall by up to 5%.  Wools 19.0 to 21.0 micron actually rose by up to 5% when compared to the last sale held in Christchurch.  There was still widespread competition across the board and across the catalogues with keen bidding across the microns and types.

NEW ZEALAND MARKET REPORT

Summary

New Zealand market continues to rise.

Comment

The New Zealand fine wool market rallied in line with Australia.  Generally large increases were seen across the board from 16 micron through to 23.0 micron .  There have been 4 days selling in Australia since New Zealand last sold fine wools and the dramatic increases reflected the market movements seen in the Australian market ranging from between 2.5 and 8%.  The biggest increase was seen 21.0 to 23.0 micron bracket at around 7 to 8% There was widespread competition across the board and across the catalogues.

NEW ZEALAND MARKET REPORT

Summary

New Zealand market recovers some of it’s losses.

Comment

The New Zealand market weathered the recent ups and downs seen in Australia since the last South Island sale and showed definite signs of recovery.  The merinos generally saw increases averaging 5%, although coarser wools, 18 to 20 micron saw bigger percentage increases.  As has consistently been the case better specified wools continue to attract strong competition.  Coarser wools up to 30 micron showed significant increases between 5-10%.  There was good widespread competition across the catalogues.

NEW ZEALAND MARKET REPORT

Summary

New Zealand market eased in line with the turbulence seen in Australia over the past fortnight.

Comment

While good lots continued to attract strong competition in yesterday’s sale, wools 20.5 micron and finer saw significant falls reflecting the market situation in Australia.  Skirtings were most affected and high VM lots were heavily discounted.

NEW ZEALAND MARKET REPORT

Summary

Market softens.

Comment

The market in Christchurch today reflected the downward pressure seen in Australia yesterday.  While there were only a few lots of merino on offer they eased significantly although were not affected as much as the mid micron wools which have seen a large drop in value.

NEW ZEALAND MARKET REPORT

Summary

Market reflects Australian market movement.

Comment

In the first sale in the South Island this season there was a small selection of new merino wools coming through.  This attracted keen competition with prices again reflecting those seen in Australia before they went on their recess.  Quantities still too small to quote in a meaningful manner.

NEW ZEALAND MARKET REPORT

Summary

Clean up offering for the final sale of the 2018/2019 season.

Comment

There was a very miscellaneous selection of finer wools available this week in New Zealand reflecting an end of season clean up before the short recess.  Prices for the wools on offer again reflected the recent movements of prices in Australia, but there was still good competition at these levels.

NEW ZEALAND MARKET REPORT

Summary

Still limited offering of fine wools available.

Comment

Once again there was a small limited selection of finer wools on offer today in Christchurch.  Prices tended to reflect the movements seen in Australia.

NEW ZEALAND MARKET REPORT

Summary

Only a few odd lots on offer this week.

Comment

There were a few miscellaneous fine wools on offer this week.  Those wools available attracted keen competition.

NEW ZEALAND MARKET REPORT

Summary

Only a few bales of fine wools on offer

Comment

Once again there was only a small number of bales of fine wool on offer at the sale held in Christchurch this week as we wait for the new season wools to come onto the market.  Too few to quote.