NEW ZEALAND MARKET REPORT
North Island only selling this week with 7,330 bales on offer. The selection consisted of 70% crossbred second shear 35.0 to 40.0 micron mainly good colour 50/75mm, 11% crossbred fleece 35.0 to 37.0 micron mainly average colour 75/100mm, 15% associated oddments and 4% miscellaneous types. Selected competition with the India main, supported by Europe, the United Kingdom and Australasian carpet mills. New Zealand dollar was generally 2.5% cheaper against most currencies.
Average colour very firm.
Good colour shears 4% cheaper.
Poorer colour up to 2.5% dearer.
Clothing oddments buyers favour.
19% passed in.
South Island only offering 7,340 bales Thursday 18th August.