NEW ZEALAND MARKET REPORT

Summary

Extremely limited selection of finer wools.

Comment

There were very few fine wools on offer at this weeks sale in Christchurch.  Too few to quote with any meaning.

NEW ZEALAND MARKET REPORT

Summary

Market eases on the back of a limited selection.

Comment

In what can only be described as a very limited offering the New Zealand fine wool market fell this week in comparison to the last sale held in Christchurch.  Fine wools fell between 3 and 8%.  Halfbreds also fell this week by a similar amount.  Again the selection was extremely limited.  Bidding was still competitive but at a lower level.

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.

NEW ZEALAND MARKET REPORT

Summary

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

Comment

The fine wool selection selling in New Zealand today was dominated by hogget wools and while there were some well grown wools available there was also a selection of finer tender wools throughout the catalogue.  The fine wool market when compared to the last sale held in New Zealand eased by between 3 to  5% with 17 to 18 micron wools least affected once again reflecting what has been happening in Australia over the past two weeks.  There continues to be widespread competition across the board and across all catalogues with keen bidding across both microns and types.

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.