NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market mixed.

Comment

South Island offering 7,000 bales and North Island offering 7,100 bales. The selection consisted of 15% crossbred fleece, good/average style, 36.0 to 38.0 micron, 100/150mm, 15% crossbred hogget fleece 30.5 to 35.0 micron good style bulk 75/100mm, 45% crossbred hogget and second shear super style bulk 75/100mm, 8% halfbred fleece, 23.0 to 29.0 micron, good style, 5% merino fleece super style 15.0 to 22.0 micron and 12% associated oddments. Main competition China and South East Asia with support from the United Kingdom, India, the Continent and local carpet mills.

Fleece

All descriptions crossbred fleece 4% cheaper.

Halfbred 22.0-26.0 micron 5% dearer.

Halfbred 27.0-31.0 micron 6% cheaper.

Merino fleece 21.0 micron and finer generally cheaper at levels similar to the Australian market.

Oddments

All descriptions buyers favour.

Passings

18% passed in.

Next Auction

South Island offering 5,500 bales Thursday 3rd November.