NEW ZEALAND MARKET REPORT

Summary

Market again generally firm.

Comment

North Island only offering 6,500 bales.  The selection consisted of 35% bulk average colour crossbred fleece, 23% lambs good colour new season clip, 25% crossbred shears, good/average colour bulk 75mm and 17% oddments.  Widespread competition of a positive tone with most sectors operating.

Fleece

34.0 micron and finer 3/5″sellers favour.

Good colour fleece very firm.

Poorer style fleece firm.

Shears

Good colour shears very firm.

Lambs

New season lambs fully firm.

Oddments

All descriptions buyers favour.

Passings

5% Passed In.

Next Auction

North Island offering 5,100 bales and South Island offering 8,000 bales on 28th January.

NEW ZEALAND MARKET REPORT

Summary

Market generally firm.

Comment

North Island offering 7,950 bales and South Island offering 8,175 bales.  The selection consisted of 50% good/average colour crossbred and hogget fleece, 20% lambs good colour new season clip, 15% crossbred shears, good colour bulk 75mm and 15% oddments.  Some more spirited competition from the local and Australasian mills today resulted in pressure on China and the Subcontinent to take a more supportive role.

Fleece

Crossbred fleece all descriptions fully firm.

Shears

Crossbred shears all descriptions fully firm.

Lambs

New season lambs buyers favour.

Oddments

All descriptions generally firm.

Passings

9% Passed In.

Next Auction

North Island only offering 7,500 bales on 21st January.

NEW ZEALAND MARKET REPORT

Summary

Limited selection in the last sale for 2020

Comment

There was a small limited selection of fine wool on offer today in Christchurch.  Fine wools eased slightly however competition was strong at this level and there was keen bidding across most wools.  Finer halfbreds were relatively firm, while coarser halfbreds eased.

We would like to take this opportunity to wish you all a Merry Christmas and a Happy and safe New Year.

NEW ZEALAND MARKET REPORT

Summary

Limited selection.

Comment

There was a small limited selection of fine wool on offer today in Christchurch.  Fine wools were generally firm tending buyers favour when compared to the last Christchurch sale.  Halfbreds were also firm tending buyers favour again in a small selection.

NEW ZEALAND MARKET REPORT

Summary

Market easier.

Comment

There was another good selection of fine wools on offer this week in Christchurch.  The market generally eased across the board from the last Christchurch sale by 2-5% for 17.0n micron and coarser while 16.5 micron was firm and 16.0 micron was up to 10% cheaper.  Oddments followed a similar pattern.  There was keen bidding at these levels across the board in a well supported market.

NEW ZEALAND MARKET REPORT

Summary

Market mixed but continues upward movement.

Comment

In a good selection of finer wools offered today in Christchurch the market continued to follow in the footsteps of Australia with gains seen in most finer microns of between 2-7%.  The exception to this was the 17.5 to 18.0 micron bracket which saw 1-3% drop.  In the coarser wools 21.5 to 22.5 micron were par to 2% easier while 23.0 micron and coarser saw gains up to 8%.  The market continues to be well supported by a full bench of buyers.

NEW ZEALAND MARKET REPORT

Summary

Merino market extreme.

Comment

There was another good offering of fine wools and halfbreds available this week.  After the gains seen in the Australian market over the past two week prices here increased markedly when compared to the last South Island sale and in line with Australia.  The market was well supported by a full bench of buyers.

NEW ZEALAND MARKET REPORT

Summary

Merino market generally dearer.

Comment

There was a good offering of fine wools and halfbreds this week ranging from 13.5 micron through to 21.0 micron.  The market was well supported by a full bench of buyers.  18.5 micron and finer were keenly sought after and were up to 8% dearer when compared to the last South Island sale.  19.0 micron were cheaper while 19.5 to 20.0 micron tended dearer.  Finer Halfbred wools were up to 4% dearer while coarser mid micron wools were mixed.

NEW ZEALAND MARKET REPORT

Summary

Merino market rises.

Comment

The South Island had another good offering of fine wools and halfbreds this week with some good quality clips available.  The market followed the same upward trend seen in Australia over the past two weeks with gains of up 10% over most microns with 18.0 micron experiencing even greater gains when compared to the last Christchurch sale.  Substantial gains were also seen across oddments types also in the region of 10%.  Halfbred types also enjoyed a rise in the market with some types increasing by up to 10%.

NEW ZEALAND MARKET REPORT

Summary

Merino market mixed.

Comment

The South Island had a good offering of finer wools and halfbreds this week with some good quality clips available.  18.5 micron and finer attracted keen competition with the odd lot extreme.  19.0 to 22.0 micron however were up to 8% cheaper on the back of the losses seen in Australia last week.  Mid-micron wools were up to 3% cheaper with finer mid-micron wools most affected.