NEW ZEALAND MARKET REPORT

Summary

Market generally dearer.

Comment

South Island only selling today with 6,150 bales on offer.  The selection consisted of 15% crossbred fleece, good/average style 75/150mm, 25% crossbred hoggets 30-35 micron mainly good colour 75/125mm, 14% good colour crossbred second shear bulk 75mm, 21% halfbred fleece 25-30 micron, 7% merino fleece 15-22 micron and 18% associated oddments.  Very keen widespread competition with most sectors operating.

Fleece

Good colour crossbred fleece sellers favour.

Poorer style crossbred fleece 10% dearer.

Halfbred fleece 3.5% cheaper.

Merino fleece generally cheaper but selling above recent Australian levels.

Shears

Crossbred shears 3% dearer.

Oddments

2.5% dearer.

Passings

14% passed in.

Next Auction

South Island offering 7,300 bales and North Island offering 7,500 bales 26TH OCTOBER.