NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market moving up.

Comment

South Island only selling today with 11,234 bales on offer. Selection was made up of 39% average/poor colour crossbred fleece, bulk 75/150mm, 9% good colour crossbred second shear bulk 75mm, 20% good/average colour crossbred lambs 29-31 micron, 19% associated oddments, 8% halfbred/merino fleece 16.0-28.0 micron and 5% miscellaneous types. Indian sub-continent and local carpet mills main, supported by China, Europe and United Kingdom.

Fleece

Better colour crossbred fleece 3% dearer.

Poorer style 10% dearer.

Shears

Good style 4% dearer.

Lambs

All lambs firm.

Oddments

All descriptions 7.5% dearer.

Passings

29% passed in.

Next Auction

North Island only offering 8,000 bales, Thursday 1st June.