NEW ZEALAND MARKET REPORT

Summary

Market mixed again.

Comment

South Island only selling today with an offering of 5,400 bales.  The selection consisted of 25% crossbred fleece mainly poor colour, 75/150mm, 20% good to average crossbred second shears, 30% lambs mainly good colour 2-3 inch, 20% associated oddments and 5% miscellaneous.  Strong competition from China, India and local mills, supported by the United Kingdom and Europe.

Fleece

Good colour fleece keenly sought after, remaining very firm.

Average colour fleece buyers favour.

Shears

Good colour shears 1.5% dearer.

Average colour firm.

Lambs

Good colour lambs firm to buyers favour.

Oddments

Combing oddments poor colour well sought after and again up 15%.

Carding oddments very firm.

Passings

5% passed in.

Next Auction

North Island only offering 7,200 bales Thursday 16th May 2024.