NEW ZEALAND MARKET REPORT

Summary

Limited finer wools available.

Comment

The selection this week saw some good quality mid-micron pre-lamb shear wools being offered.  While the selection was still limited these wools saw a lift in price for those who decided to sell.  However passings of these wools types was relatively high as growers continue to come to grips with the lower levels when compared to 12 months ago.

NEW ZEALAND MARKET REPORT

Summary

Market continues to align with Australian levels.

Comment

The South Island auction this week featured the beginning of mid-micron wools on offer and also a selection of early shorn merino wools and crutchings.  However the offering was again affected by a large number of lots withdrawn prior to the sale or passed in for failing to meet grower reserves as the market continues to show downward momentum and maintains levels similar to those seen in Australia.

NEW ZEALAND MARKET REPORT

Summary

Market finds a new level.

Comment

The market appears to have found its level in recent weeks and as a consequence moved within a small price range for coarser wools.  There was also a small offering of mid micron wools available today which showed a dramatic readjustment on last levels which were several months ago.  Competition was keen at these levels.  Again the selection was a reflection of what we would normally see earlier in the season as wools that came in over the lockdown period are only being offered now and the rostered offering is limited in quantity.  Again there were quite a large number of withdrawals prior to the sale and passings were at 20% where wool failed to meet grower’s reserves.

NEW ZEALAND MARKET REPORT

Summary

First South Island sale post lockdown.

Comment

This week saw the first wool sale in the South Island since the country went into lockdown at the end of March due to the Covid-19 virus.  The selection at this week’s sale was a reflection of wools that were available at the end of March as brokers work through the the wools that have come into their stores during the lockdown period.  As a consequence there was a larger selection of crossbred shears on offer than we would normally see at this time of year.  While the market is still trying to find a level, it was firm on last week’s sale in the North Island.  There were quite a large number of withdrawals prior to the sale and passings were 34% where wools failed to meet grower’s reserves.

NEW ZEALAND MARKET REPORT

Summary

No wool sales in New Zealand.

Comment

Due to the Covid-19 virus, the New Zealand government has introduced an Alert Level 4.  This level means that all non-essential businesses are closed and we are working from home where possible.  All movement from Brokers Woolstores to Woolscours and Dump Stores has been affected with these operations also closed.  As a consequence all wool auctions have been cancelled in both the North and South Island until further notice.

We hope in these uncertain times you and your families are keeping safe.

NEW ZEALAND MARKET REPORT

Summary

There were no fine wools on offer in New Zealand this week.

Comment

This week’s Christchurch sale had no fine wools in the selection.

NEW ZEALAND MARKET REPORT

Summary

Useful selection of finer wools on offer.

Comment

New Zealand had a very useful selection of finer wool on offer today.  Wools were well competed for although prices reflected a level of uncertainty in the market with technical issues affecting the Australian market as well as locally.

NEW ZEALAND MARKET REPORT

Summary

No fine wools on offer

Comment

Again there were no fine wools on offer this week in New Zealand as the brokers are holding their finer wools to sell next week.

NEW ZEALAND MARKET REPORT

Summary

No fine wools on offer

Comment

There were no fine wools on offer this week.  The market however struggled under the shadow of the issues in China.

NEW ZEALAND MARKET REPORT

Summary

First South Island sale for the 2020 year.

Comment

There were practically no fine wools on offer at the first South Island sale for 2020.  The offering as dominated by crossbred wools which were generally easier/buyers favour.