The continuing trade war between the United States and China is now having a greater impact on global wool trading, PGG Wrightson South Island sales manager and auctioneer Dave Burridge said.
Less new business is being written with Chinese traders.
Mid micron fleece, 25 to 30 microns, was 5% to 8% cheaper at Christchurch as was 17 to 19 microns Merino wool.
There was an excellent but limited offering of new season, pre-lamb crossbred wool but it was also in buyers’ favour, Burridge said.
Most crossbred second shear wool was 1% to 2% cheaper. The pass-in rate was 33%.
Sales, by micron, price/kg clean: Full wool, good to average colour: 25, $13.60, down $1.31; 26, $12.61, down $1.19; 27, $11.58, down 77; 28, $9.56, down $1.47; 29, $8.82, down 94c; 30, $8.26, down 99c; 33, $4.08, down 82c; 34, $3.63, down 26c; 35, $3.27, down 23c; 36, $3.07, down 16c; 37, $3.05, down 5c; 38, $3.05, down 5c; 39, $3.04, down 5c. Crossbred second shear: 35, 3-to-4 inches, $2.95, down 13c; 2 to 3 inches, $2.57, down 6c; 37, 3 to 4 inches, $2.86, down 2c; 2 to 3 inches, $2.51, down 7c; 39, 3 to 5 inches, $2.80, up 3c; 3 to 4 inches, $2.75, up 5c; 2 to 3 inches, $2.50, down 4c. Merino best topmaking style: 17, $23.04; 18, $21.74; 19, $19.38.
