PGG Wrightson Wool South Island manager Dave Burridge has concerns the crossbred wool market is spiking too quickly. The crossbred market remained in a flatline state for a long time until last August, when demand from India and China began climbing. South Island auction manager Dave Burridge said the wool market was in a dramatic lift for all wool types based on a global shortage, particularly in Australia. Almost 10 years have passed since the market reached $5/kg for most crossbred wool types and a year before that reached $6/kg. Farmers would be looking closely at the results of Thursday’s Christchurch sale and the end-of-season fine wool sale on February 26.tim.cronshaw@alliedmedia.co.nz

Source: Otago Daily Times February 03, 2026 16:02 UTC