NEW ZEALAND MARKET REPORT

Summary

Market generally dearer except lambs which were buyers favour.

Comment

North Island only selling this week offering 5,500 bales.  The selection consisted of 40% crossbred second shear bulk 75mm average colour, 17% crossbred fleece, bulk 75/125mm average/inferior colour, 25% lambs fleece, 29-31 micron 50/75mm average/inferior colour, 15% associated oddments and 3% miscellaneous types.  Keen widespread competition with most sectors operating.

Fleece

Better colour crossbred fleece 3.5% dearer.

Poorer stye crossbred fleece 3% dearer.

Second Shears

Better colour crossbred shears 3.5% dearer.

Poorer stye crossbred shears 3% dearer.

Lambs

Buyers favour.

Oddments

All descriptions firm.

Passings

11% passed in.

Next Auction

South Island only offering 7,800 bales Thursday 12th May.