Weekly Wool Forwards for week ending 7th June 2019
![](https://stockco.co.nz/wp-content/uploads/2019/06/Woolsheep.jpg)
Another solid week in the forwards market, with 21 micron being the main MPG dealt. One trade was dealt for 19 micron wool for August and agreed at 2,180¢. Four trades were dealt for 21 micron wool. One of those was for September at 2,080¢ and one for October at 2,050¢. Two trades were agreed for November at 2,050¢ and 2,075¢ respectively. Two trades were dealt for 28 micron wool and were agreed at 1,100¢ and 1,130¢ for August.
We’ve seen the gap between fine and medium wools tighten in recent weeks, probably due to a higher supply of finer wools as a result of drought. Looking further down the track, if the rains keep falling, we’re likely to see the gap between fine and medium wools broaden again.