NEW ZEALAND MARKET REPORT

Summary

Coarser market dearer, finer market in line with Australia.

Comment

South Island only selling this week with 8,300 bales on offer.  The selection consisted of 21% crossbred fleece, good/average style, 36.0 to 38.0 micron, 100/150mm, 12% crossbred hogget fleece 30.5 to 35.0 micron good style bulk 75/100mm, 8% crossbred second shear super style bulk 75/100mm, 17% halfbred fleece, 23.0 to 29.0 micron, good style, 8% merino fleece super style 15.0 to 22.0 micron, 29% associated oddments and 5% miscellaneous types.  Main competition Continent and China with support from the United Kingdom, India and local carpet mills.

Fleece

Crossbred fleece good style 3% dearer.

Crossbred fleece average style sellers favour.

22.0-30.0 micron generally 2.5% cheaper.

Merino fleece 21.5 micron and finer in line with recent Australian correction.

Oddments

Combing oddments 6% dearer.

Clothing oddments unchanged.

Passings

21% passed in.

Next Auction

North Island offering 6,500 bales and South Island offering 7,500 bales Thursday 27th October.