NEW ZEALAND MARKET REPORT

Summary

Market firm, tending buyers favour.

Comment

North Island only selling today offering 10,400 bales.  The selection consisted of 25% ewe fleece average/good colour 75/150mm, 45% crossbred second shear good/average colour 75mm +/-, 10% lambs, good colour, 15% associated oddments and 5% miscellaneous types.  Good competition.  Indian sub-continent and China main competition with support from Europe, the United Kingdom and local carpet mills.

Fleece

Good colour crossbred ewe/hogget fleece generally firm.

Poorer style crossbred fleece buyers favour.

Shears

Good colour crossbred ewe/hogget shears generally firm.

Poorer style crossbred shears buyers favour.

Lambs

In a limited selection new season good colour lambs firm.

Poorer style lambs buyers favour.

Oddments

Generally up to 5% cheaper.

Passings

5% passed in.

Next Auction

North Island offering 8,150 bales and South Island offering 7,000 bales 18th January 2024.