NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market generally cheaper.

Comment

North Island only selling today with 6,400 bales on offer. The selection consisted of 8% poor colour crossbred fleece 75/150mm, 68% good/average colour crossbred second shear bulk 75mm, 4% average/poor colour crossbred lambs 29-31 micron, 16% associated oddments and 4% miscellaneous types. Good competition with Indian sub-continent main supported by local carpet mills, United Kingdom, Europe and China.

Fleece

Poor colour crossbred fleece firm.

Shears

Good colour crossbred second shears 3% cheaper.

Poor colour crossbred firm.

Lambs

All descriptions firm.

Oddments

All descriptions buyers favour.

Passings

11% passed in.

Next Auction

South Island only offering 9,100 bales, 17th August.