The Country: March Wool Report with PGG Wrightson's Rachel Shearer

GM Wool for PGG Wrightson reviews a market suffering from an unwanted correction and global uncertainty. 

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Episode Transcript

Speaker 1 (00:00):
Let's continue the sharing and wall theme today on the country.
General manager of Wool and director of Bidder is a
Rachel Sharer from PGG Rights and Rachel. Unfortunately, I don't
want to shoot the messenger, but we're seeing a bit
of a correction in the strong wall market. Not good
at all, but the world is such an uncertain place
at the moment.

Speaker 2 (00:20):
That's absolutely correct. The market is continuing, I would say,
to drift more towards the buyer's market for most types lands,
although and the poorer colored fleeces are the most affected.
But look, there is some key demand areas still some
of the adult wall is remaining in demand, particularly that
of a good color that's with low VM, that wall

(00:42):
that's been really well prepared, that's still in demand, albeit
probably limited volumes at the moment. But yes, we are
starting to see the impact of seasonal conditions on wall quality,
which is impacting on price as well. As you've mentioned,
some of this uncertainty that's out in the world at
the moment israelly I think starting to play into the
hands of exporters meeting some of that resistance from the

(01:06):
major market.

Speaker 1 (01:06):
Yeah, well, as we get through the sharing season, the
color deterior rates. That's just nature. The vegetable matter half
on and increases as you get through the season as well.
But hand on heart, Rachel, is it worth preparing your
wall or should you just chuck it straight from the
board into the press?

Speaker 2 (01:24):
Oh? Never chuck it straight from the borden that.

Speaker 1 (01:26):
Well, I used to when I was sharing.

Speaker 2 (01:28):
Yeah, well, good preparation is key at the moment, and
that's where we're starting to see some of the better
prices coming through. The exporters are saying it's really evident
when will has been prepared. Well, it's still starting to
see some decent prices there, so it is worth it.
But I think that at the stage is we're navigating

(01:49):
these market fluctuations, we're navigating these uncertainties and global trade.
It's really key to have a pretty strategic selling mechanisms,
whether that's you know, putting part of the clip into
a forward contract, putting some of them on the spot market,
whatever it might be, having those discussions to determine which
way is best at the moment to sell because nothing

(02:11):
is guaranteed at the moment, that's for sure on the
global scale, is it.

Speaker 1 (02:14):
Of course, we've got the new Zealand Shares and Tiko Wady.
We've got the South Island Field Days col we I
see PGG rights and one best site overall. Stephen Geron
will be pleased about that.

Speaker 2 (02:24):
He's absolutely delighted as we are as the whole team.
And I was out there yesterday. What a great day.
It was, great Canabury day, not like the mud from
a couple of years ago. And yeah, we're really proud
as PGG Rights and having the best site and I
think it was a well deserved one. We've actually got
our wooll Integrity Easter decorations out there. Those are the

(02:44):
Easter decorations made from traceable New Zealand cross spread wall
that's been grown here and then handmade by our Fred
fair Trade partners in Nepal. And those Easter decorations are
flying out as well. But yeah, really awesome to see
the field Days and better for can every day.

Speaker 1 (02:59):
Yep, not too late to get out there today and
have a look at the best site at the Field Days.
Rachel Sharer a GM of Wolf for PGG Rights and
thanks for your time on the country.

Speaker 2 (03:09):
Thanks the chance to talk