NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market dearer in limited supply.

Comment

North Island only offering 5,790 bales today. Selection consisted of 10% crossbred fleece average/good colour, 75/150mm, 12% hogget fleece, good colour, 63% crossbred second shear and hogget shears mainly good colour, 12% crossbred oddments, good to poor style & 3% miscellaneous types.

Main competition Europe and India, supported by the United Kingdom and Australasian carpet mills.

Fleece

Good colour crossbred fleece 3.5% dearer.

Average colour crossbred fleece 4% dearer.

Shears

All descriptions 4.5% dearer.

Oddments

Good colour up to 11% dearer.

Average colour 15% dearer.

Poor colour 6% dearer.

Passings

2% passed in.

Next Auction

South Island only offering 5,425 bales on 28th November.