NEW ZEALAND MARKET REPORT
Market continues to strengthen.
North and South Island selling this week with the North Island offering 13,700 bales and the South Island offering 6,300 bales. The selection consisted of 25% average colour crossbred fleece, 75/150mm, 30% crossbred second shear bulk average colour, 75/100mm, 25% good/average colour lambs 29.0 to 31.0 micron, 15% associated oddments and 5% miscellaneous types. Indian subcontinent and China main with support from Europe and local carpet mills.
Good colour crossbred fleece 5% dearer.
Poorer colour crossbred fleece very firm.
Good colour crossbred shears 5% dearer.
Poorer colour crossbred shears very firm.
Lambs fleece sellers favour.
In general 5% dearer.
20% passed in.
South Island only offering 8,700 bales, Thursday 16th March.