Fine wool sells 5% to 10% cheaper as crossbred prices hold
Growers accept adjusted fine wool prices after the latest sale, while crossbred wool returns stay strong.
|November 9, 2026Listen to the full interview:
Merino and mid-micron wool sell 5% to 10% cheaper at last week’s national wool auction, while crossbred prices hold.
PGG Wrightson (PGW) national wool auction manager Dave Burridge says Chinese-dominated top makers are struggling to pass on recent high prices.
“We’re still talking $5 greasy as a rounded figure, which again is levels that we haven’t seen in a generation,” he says.
Dave says crossbred prices remain about 20% better than this time last year.
He says about 26% of the fine wool was passed in, and many lots sold afterwards.
Dave says the next sale has about 6,000 bales, and volumes rise over the next five to six weeks.
“It will be important for those growers to keep their wool preparation levels as good as they can.”
To learn more, visit pggwrightson.co.nz
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