NEW ZEALAND MARKET REPORT

Summary

Market continues to strengthen for coarser wools.

Comment

South Island only offering 4,475 bales today.  Selection consisted of 15% crossbred fleece good/average colour, 75/150mm, 22% hogget fleece, good colour, 5% crossbred second shear and hogget shears good colour, 5% crossbred lambs average to good colour, 5% merino fleece, 5% merino hoggets, 10% halfbred fleece, 7% halfbred hogget fleece, 11% crossbred oddments, 3% merino oddments, 9% halfbred oddments  & 3% miscellaneous types.

Main competition Europe and India, supported by the United Kingdom, local Australasian carpet mills & China.

Fleece

Good colour crossbred fleece 2.5% dearer.

Average colour crossbred fleece firm.

Shears

Good colour crossbred shears 2% dearer.

Oddments

Crossbred oddments good colour firm

Average colour 3.5% dearer.

Passings

10% passed in.

Next Auction

No New Zealand sale next week.  Next sale North Island only 21st November offering 7,500 bales.