Could wool woes be washing away at last?

October 20, 2023

Our CFWNZ chair, Ryan Cosgrove supplies independent data from his new business, Fusca, to help answer this burning question from Farmers Weekly!

It’s early days, but pricing and demand have been lifting at wool auctions, mainly due to real improvement in wool quality.  New Zealand wool auctions have been trending upwards in both pricing and demand since September and into the opening two weeks of October, although the wool market still has a long way to go to break into profit-making, sustainable levels.

Fusca’s indicator for coarse crossbred fleeces has risen 49c/kg clean, 16% in the past five weeks, taking it to 3.47/kgCL, a level unheard of since September 2018.

Read more HERE

Subscribe to hear our latest news