Market update from CP Wool

Posted on Posted in Wool

Market update from Simon Averill, National Wool Manager at CP Wool

Crossbred Market Update

In recent wool sales we have seen a slightly improved tone to the market with most types gaining in value.

This season we have seen good growing conditions in most regions which in turn has negatively impacted on colour and increased fibre diameter. With new seasons lamb’s wool now coming on the market the finer edge and good coloured wools have been keenly sought after as there is insufficient volumes of these types coming forward. Exporters are being selective when buying lambs’ wool and have been discounting poorly picked over lots.

Better coloured Fleece and Second Shear wools are finally showing signs of stabilising although wools showing high colour and vegetable matter are still struggling to find a market.

Fine wool market update

With fine wool prices having an exceptional year, there has been very little carry over into 2019.Prices have continued to gradually move in an upward direction in Australia and any wools that have been sold in New Zealand  have mirrored these increases.

Merino oddments and second shear types look to be well sought after which is encouraging leading into the autumn musters.

Good sound wool in Australia is certainly in demand which is an encouraging sign going forward.

Mid micron market update

Very little volumes have come forward since the Christmas break. When comparing to Australia our market is slightly behind, although the levels are still very good.

For more information please contact your local CP Wool store, details can be found here: cpwool.co.nz/contact