Crossbred wool continue to see further slump in prices

Higher stock levels in the textile pipeline resulting from fashion changes mainly in Asian countries and a lower UK pound has resulted in a dramatic fall in crossbred prices the past six months. Crossbred wool prices continue to slump to a low unseen since the 2012/13 season as finer wools strike a rising market.

At the Christchurch wool sale last week, wool prices prices were mixed for a small offering compared with the last sale on November 17.

The limited offering of fine mid-micron and merino wools continued to fetch strong support and was at market highs not seen for several seasons.
Crossbred fleece 34 to 39 microns was back 3-5 percent, hogget fleece 30 to 34 microns was down 2-4 percent and second shear was 1-3 percent cheaper. Crossbred oddments were down 2-5 percent.

Mid-micron wools were generally dearer and merino fleece and oddments were up 3-6 percent.

Sales included: Crossbred – P Wilson, Otago, rom, 59 bales, 39.7 microns, 81.6 yield , 393 greasy cents 482 clean cents, Baltika farm, Cheviot, rom hog, 5, 35.6, 75.9, 356, 469, KG Farming, Rakaia, bor/d, 4, 34.0, 73.1, 340, 465, KA & NK Thelning, Akaroa, rom, 11, 37.3, 80.1, 361, 451, J Parr, Sth Canty, rom hog, 3, 32.6, 78.4, 344, 439.

Corriedale and halfbred – Teece Family Farms, Cheviot, cor hog, 5, 25.2, 68.6, 688, 1003, H & M Pain, Cheviot, cor, 5, 25.9, 67.6, 646, 956, D Mcaughtrie, Omarama, f half, 5, 26.7, 74.3, 640, 861.

Merino – Est I G Hamilton, Blenheim, mer, 9, 18.6, 70.9, 1335, 1883, G & M Ridgen, Greendale, mer, 4, 17.0, 68.0, 1190, 1849, Stronvar Station, Blenheim, sup fine mer, 1, 15.1, 70.4, 128, 1818.

About 25 percent of the offering was passed in after failing to reach reserve prices.

Recent Posts

University of Copenhagen develops nanofibre patch for psoriasis treatment

Researchers have created an innovative nanofibre patch that aims to simplify and improve the treatment of psoriasis, a common skin…

10 hours ago

Clothing 2.0, The Marena Group to revolutionize medical garments

Clothing 2.0 has teamed up with The Marena Group LLC, a leader in medical-grade compression garments to transform the recovery…

10 hours ago

Polartec expands eco-friendly weather protection fabrics

Polartec has enhanced its Power Shield range, as it continues to replace petroleum-based materials with renewable alternatives while improving fabric…

10 hours ago

Uncaged Innovations partners to launch leather alternative

Biomaterial company, Uncaged Innovations, has collaborated with ten independent fashion brands to launch Elevate, a new eco-friendly luxury leather alternative.

1 day ago

Rudolf enhances digital pigment printing

Rudolf introduced the Digital Pigment Printing Toolbox, a package of pre-treatment products to improve the quality and sustainability of pigment…

1 day ago

Aquafil Group unveils sustainable yarns

Aquafil Group, the innovator behind ECONYL regenerated nylon, has launched the ECONYL Bespoke Collection that mimic the aesthetics of natural…

1 day ago