NEW ZEALAND MARKET REPORT

Summary

Market generally cheaper.

Comment

North Island only selling today with 5,400 bales on offer.  The selection consisted of 62% crossbred ewe and hogget shears bulk good colour, 75mm, 19% crossbred ewe and hogget fleece good/average colour 75/150mm, 14% associated oddments and 5% miscellaneous types.  Limited competition with Indian sub-continent, local mills & China main and support from Europe and the United Kingdom.

Fleece

Good colour crossbred fleece 3% cheaper.

Poorer style crossbred fleece firm.

Shears

Good colour crossbred shears 3% cheaper.

Poorer style crossbred shears firm.

Oddments

10% cheaper.

Passings

18% passed in.

Next Auction

South Island only offering 6,650 bales Thursday 30th November.