NEW ZEALAND MARKET REPORT
Fleece continues to strengthen, oddments ease slightly.
South Island only selling this week offering 8,700 bales. The selection consisted of 55% average colour crossbred fleece, bulk 75/150mm, 10% crossbred second shear bulk good colour, 75/100mm, 20% good/average colour lambs 29.0 to 31.0 micron, 10% associated oddments and 5% miscellaneous types. Indian subcontinent, China and Europe main with support from local carpet mills.
Good colour crossbred fleece 2% dearer.
Poorer colour crossbred fleece firm.
Good colour crossbred shears 2% dearer.
Poorer colour crossbred shears firm.
Lambs fleece 1% dearer.
In general buyers favour.
16% passed in.
North Island only offering 10,500 bales, Thursday 23rd March.