FUHRMANN NZ MARKET REPORT - The Schneider Group

Summary

Market cheaper post lock down.

Comment

The New Zealand sales resumed today for the first time since 19 March with the North Island only offering 7,000 bales. The selection consisted of 10% good/average colour ewe fleece, 34.0 to 38.0 micron, 40% good colour second shears, 35.0 to 38.0 micron, 25% lambs fleece, 29.0 to 31.0 micron, 15% associated fleece, shear and lamb oddments. Despite the heavily reduced market demand and anticipated drop in auction prices, the auction showed a good measure of resilience to keep any drop as small as possible. Of the wool on offer 64% of growers met the market and 36% was passed in. Most of the competition was from China and the Australasian mills, with very little coming from Europe, United Kingdom and South East Asia.

Fleece Wools

All descriptions generally 15% cheaper.

Second Shears

Crossbred shears 25% cheaper.

Lambs

All descriptions generally 20% cheaper.

Oddments

All descriptions 30% cheaper.

Passings

36% Passed In.

Next Auction

South Island offering 7,000 bales on 28 May 2020