This week The Country’s Jamie Mackay is joined by PGG Wrightson’s GM for wool, Grant Edwards, to take a look at the wool market this month.



There are concerns around the current Covid19 cases in Christchurch. There are hopes that it can be ring fenced and controlled.



Fine wool is hitting record prices as Mackay touches on a sale in Canterbury last week where a bale of wool 13.2 micron sold for $88NZD a kilogram – clean. Edwards claims that prices like this are unprecedented at this time.



Edwards talks about the strong prices throughout the merino wool types. 



Supply chains are still causing issues, as China continues to play the market at its own pace. Edwards explains that the wool market is positive as prices have trended up to around .60c kilo greasy and steady prices throughout the past month. 



Mackay asks what will happen to the wool supply chain if the South Island were to move in to level 3 lockdown. Edwards is confident the market can operate in level 3 as they have learnt a lot from pervious lockdowns.