January 15, 2026 • 5 mins
The general manager of PGG Wrightson Wool has a good news update on the market.
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Episode Transcript
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Speaker 1 (00:00):
We're joined now by the gm APGG Wall. Rachel Share
out of christ Church.
Speaker 2 (00:05):
Good after that, Rachel, good afternoon, Hamish.
Speaker 1 (00:08):
Great to have you with us on the show and
the old strong wall. The upward momentum continues. That's good,
it's great.
Speaker 2 (00:16):
It's always good to come on your show and hear
the good news. But yeah, the momentum is continuing. We
held last year before Christmas. I'm not sure if you're aware.
The market kind of went up pretty quickly, and what
sometimes goes up quickly comes down pretty fast. But it's
been holding and then we've actually had one of the
strongest openings in the market in recent history, both here
(00:37):
and in Australia. Interestingly, so this is the global story.
Speaker 1 (00:41):
Yeah, I mean I'm crossing my fingers and touching wood.
Is there is there a you know, maybe it might
keep going north? What's sort of underpinning this?
Speaker 2 (00:50):
So what's underpinning it? You know, yesterday we had a market,
we had an option here in christ Church and the
exporters were really struggling to fill orders that they know
their prior orders because this limited volume that's coming through.
And on top of that, we've also got new orders
coming from China and then India is starting to show
interest again. And it's really that interest from China and
(01:10):
the purchasing from China that's driving prices up, not just here,
but we're also hearing it in the British market. You know,
they've been rising steadily and a lot of that wall
is now going to China, which previously was unheard of.
So we're very hopeful that the momentum continues.
Speaker 1 (01:26):
If these countries stay strong in their demand. Where do
we need strong wall to be at price wise to
really you know, to make it something that because it's
been just such a bugbear for so long for farmers,
hasn't it?
Speaker 2 (01:40):
Oh, it has been, and we've been in the doldrooms
for decades, to be fair, and I mean the good
news this time last year, I remember talking to hot
you think it was Rowena back then. You know, we
were already kind of getting excited because we were looking
at breaking the four hundred cents clean mark and us
today most cross fleash types here at the christ Church
(02:01):
Auctions Center went well above the well above the five
hundred cents clean. So we've we've jumped a dollar just
since September on many wall types and on the strong
will indicator both North and South Islands. But we're you know,
we're really seeing it up nearly that you staying at
that five hundred cents mark. You know, there's a lot
(02:22):
of numbers bandied around at what it needs to be
and you know, as far as inputs and costs and
puts and a whole bunch of other things that that
moves quite frequently. But we're definitely getting to the point
a lot of farmers are starting to say that they
you know, they're not they're covering more than just their sharing,
which for a while there was the complete opposite. So
(02:45):
we're definitely hitting the right direction. And this lack of
global supply is really starting, really starting to play its
part alongside consumers really starting to understand the positive attributes
of the fiber. So it's all it's all leading to
a positive storm.
Speaker 1 (03:04):
I guess, yeah, no good. I obviously we'd love to
see a lot more upside, and there needs to be
a lot more upside. I remember sitting at the end
of main chair summer of nineteen eighty three at but
the in the Northern Manor were to Rachel and sitting
on sixty eight bars of wool and dad saying this
will buy your mansion and fielding son. I remember because
it was a lot. It was a lot of money
back then, you know.
Speaker 2 (03:24):
Yeah, the days of those wool checks, you know, yeah,
parents and you'd go in and buy something fancy. But yes,
we're not quite We're not quite there yet.
Speaker 1 (03:33):
That's no.
Speaker 2 (03:35):
We think is going to be interesting in the North
Island because it's looking to be a good season up there,
good weather conditions, color and vegetable matter up there playing
a pretty important part. So all indications are you know,
I'm cautiously optimistic that this market's going to continue its
forward momentum. Never never say neither.
Speaker 1 (03:56):
In terms of getting the wool off the sheep's back.
I mean, I had to laugh at the irony of
State TV was very quick to do a story on
a numpty using the tension knob of a sharing hand
piece to have a go at a sheep, and yet
we didn't cover Simon Goss doing seven hundred and thirty
two in nine hours.
Speaker 2 (04:15):
I wasn't that impressive. They're so good, Gil, And the
skill and athleticism of New Zealand sharers is really and
it's not just because that's my last name, you know,
it's super impressive. Yeah yeah.
Speaker 1 (04:27):
And there's some training funding coming through from the government
for sharing too, I see, you know, which is which
is a little bit anyway by the look of it. Yeah.
Speaker 2 (04:34):
Yeah, So ourselves and New Zealand Marina are working with
the government and the vets In Sharing Association to put
up some funding to really make sure that we have
to continue to have the best animal care in animal
welfare when sheep are being shorn, because that really is
the first stage of the supply chain and when you
when you're in a global market, we need to be
(04:55):
really looking after that really excellent reputation that we've got
the New Zealand woolves So yeah, that's I guess for
the first year, and then we're hoping that more people
will come on board and help with that training because those,
as we said before, those will handling professionals really are
such a critical part in our supply chain and we
(05:15):
want to get it right. Yeah.
Speaker 1 (05:17):
Absolutely, Rachel, thank you for being the bearer of good
news and long may that continue and we'll catch up
again soon.
Speaker 2 (05:24):
Thanks Amus.
We're joined now by the gm APGG Wall. Rachel Share
out of christ Church.
Speaker 2 (00:05):
Good after that, Rachel, good afternoon, Hamish.
Speaker 1 (00:08):
Great to have you with us on the show and
the old strong wall. The upward momentum continues. That's good,
it's great.
Speaker 2 (00:16):
It's always good to come on your show and hear
the good news. But yeah, the momentum is continuing. We
held last year before Christmas. I'm not sure if you're aware.
The market kind of went up pretty quickly, and what
sometimes goes up quickly comes down pretty fast. But it's
been holding and then we've actually had one of the
strongest openings in the market in recent history, both here
(00:37):
and in Australia. Interestingly, so this is the global story.
Speaker 1 (00:41):
Yeah, I mean I'm crossing my fingers and touching wood.
Is there is there a you know, maybe it might
keep going north? What's sort of underpinning this?
Speaker 2 (00:50):
So what's underpinning it? You know, yesterday we had a market,
we had an option here in christ Church and the
exporters were really struggling to fill orders that they know
their prior orders because this limited volume that's coming through.
And on top of that, we've also got new orders
coming from China and then India is starting to show
interest again. And it's really that interest from China and
(01:10):
the purchasing from China that's driving prices up, not just here,
but we're also hearing it in the British market. You know,
they've been rising steadily and a lot of that wall
is now going to China, which previously was unheard of.
So we're very hopeful that the momentum continues.
Speaker 1 (01:26):
If these countries stay strong in their demand. Where do
we need strong wall to be at price wise to
really you know, to make it something that because it's
been just such a bugbear for so long for farmers,
hasn't it?
Speaker 2 (01:40):
Oh, it has been, and we've been in the doldrooms
for decades, to be fair, and I mean the good
news this time last year, I remember talking to hot
you think it was Rowena back then. You know, we
were already kind of getting excited because we were looking
at breaking the four hundred cents clean mark and us
today most cross fleash types here at the christ Church
(02:01):
Auctions Center went well above the well above the five
hundred cents clean. So we've we've jumped a dollar just
since September on many wall types and on the strong
will indicator both North and South Islands. But we're you know,
we're really seeing it up nearly that you staying at
that five hundred cents mark. You know, there's a lot
(02:22):
of numbers bandied around at what it needs to be
and you know, as far as inputs and costs and
puts and a whole bunch of other things that that
moves quite frequently. But we're definitely getting to the point
a lot of farmers are starting to say that they
you know, they're not they're covering more than just their sharing,
which for a while there was the complete opposite. So
(02:45):
we're definitely hitting the right direction. And this lack of
global supply is really starting, really starting to play its
part alongside consumers really starting to understand the positive attributes
of the fiber. So it's all it's all leading to
a positive storm.
Speaker 1 (03:04):
I guess, yeah, no good. I obviously we'd love to
see a lot more upside, and there needs to be
a lot more upside. I remember sitting at the end
of main chair summer of nineteen eighty three at but
the in the Northern Manor were to Rachel and sitting
on sixty eight bars of wool and dad saying this
will buy your mansion and fielding son. I remember because
it was a lot. It was a lot of money
back then, you know.
Speaker 2 (03:24):
Yeah, the days of those wool checks, you know, yeah,
parents and you'd go in and buy something fancy. But yes,
we're not quite We're not quite there yet.
Speaker 1 (03:33):
That's no.
Speaker 2 (03:35):
We think is going to be interesting in the North
Island because it's looking to be a good season up there,
good weather conditions, color and vegetable matter up there playing
a pretty important part. So all indications are you know,
I'm cautiously optimistic that this market's going to continue its
forward momentum. Never never say neither.
Speaker 1 (03:56):
In terms of getting the wool off the sheep's back.
I mean, I had to laugh at the irony of
State TV was very quick to do a story on
a numpty using the tension knob of a sharing hand
piece to have a go at a sheep, and yet
we didn't cover Simon Goss doing seven hundred and thirty
two in nine hours.
Speaker 2 (04:15):
I wasn't that impressive. They're so good, Gil, And the
skill and athleticism of New Zealand sharers is really and
it's not just because that's my last name, you know,
it's super impressive. Yeah yeah.
Speaker 1 (04:27):
And there's some training funding coming through from the government
for sharing too, I see, you know, which is which
is a little bit anyway by the look of it. Yeah.
Speaker 2 (04:34):
Yeah, So ourselves and New Zealand Marina are working with
the government and the vets In Sharing Association to put
up some funding to really make sure that we have
to continue to have the best animal care in animal
welfare when sheep are being shorn, because that really is
the first stage of the supply chain and when you
when you're in a global market, we need to be
(04:55):
really looking after that really excellent reputation that we've got
the New Zealand woolves So yeah, that's I guess for
the first year, and then we're hoping that more people
will come on board and help with that training because those,
as we said before, those will handling professionals really are
such a critical part in our supply chain and we
(05:15):
want to get it right. Yeah.
Speaker 1 (05:17):
Absolutely, Rachel, thank you for being the bearer of good
news and long may that continue and we'll catch up
again soon.
Speaker 2 (05:24):
Thanks Amus.
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