NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market mixed.

Comment

North Island only offering 6,900 bales. The selection consisted of 15% crossbred fleece, good/average style, 36.0 to 39.0 micron, 20% crossbred hogget fleece 30.0 to 35.0 micron good style, 35% crossbred/hogget second shear, bulk 75mm good style, 20% associated oddments, 8% old/reoffered lambs average/poor style and 2% miscellaneous types. Good competition with Indian subcontinent main and support from local carpet mills, China, Europe and United Kingdom.

Fleece

All descriptions buyers favour.

Second Shears

Crossbred and hogget second shear sellers favour.

Oddments

All descriptions buyers favour.

Passings

9% passed in.

Next Auction

South Island offering 4,600 bales Thursday 1st December.