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26 May 2023
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Wool
Market Commentary

Rowena Duncum from The Country got the latest update 'round the wool market from Grant Edwards, GM of Wool at PGG Wrightson.

There're still significant concerns 'round supply chain disruptions.  The major wool scour in the North Island was "munted" by Cyclone Gabrielle.

The hope is that it will be up and running again by November or December.  The second-tier scour in the North Island is operating 24 - 7 with Timaru working as well.  Wait times for scouring in Napier are out to September - October.  In Timaru it's a couple of months.

Turning to the market, Grant emphasised that better style, good types of wool are demanding significant premiums.  This is encouraging news for pre-lamb wools coming off shortly which tend to be whiter than wools shorn later in the year. 

The big good news story - and a real feel-good story - is the partnership between PGG Wrightson Wool and Devold of Norway to provide 500 merino wool blankets for premature babies.  A great way to highlight the qualities of wool - it's breathability and sustainability - and the benefits it offers premature babies who've had a tough start to life.

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