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1 May 2019
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Market Commentary
Wool Street Journal

April Wool Report

The Country's Jamie Mackay spoke to PGG Wrightson's GM for Wool Grant Edwards after his recent trip to China.

Edwards mentioned how his personal trip was an eye-opener to the advancements China has in terms of technology and infrastructure.

Mackay highlighted that the wool market is on the way up with a 10 per cent increase over the past month.

Edwards confirmed this positive increase with mention of better quality wools coming out after the rough November-December season.

Mackay queried if this market increase is a typical end of season phenomenon, but Edwards did not see it this way as there was still a lot of wool entering the market, despite being at the end of April and heading into the pre-lambing season.

Edwards also highlighted that pre-lambing season is coming earlier on in the year and despite historic seasonal shearing patterns, the trend of an endless shearing season was set to continue as a year-round job.

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