NEW ZEALAND MARKET REPORT

Summary

Market very firm to sellers favour.

Comment

North Island offering 7,400 bales and South Island offering 7,500 bales.

Selection consisted of 27% crossbred fleece mainly good/average colour, 12% halfbred fleece, 2% merino fleece, 24% crossbred second shears good colour, 50/100mm, 18% crossbred lambs good/average colour, 14% associated oddments average/poor colour and 3% miscellaneous types.

Good competition with all sectors operating.  Heavy demand today was on the good colour fleece and shears.  India and Europe again the main buyers with continued support from China, United Kingdom and local Australasian mills.

Fleece

Crossbred fleece all descriptions very firm to sellers favour.

Shears

Crossbred shears all descriptions up to 1% dearer.

Lambs

All descriptions very firm.

Oddments

All descriptions sellers favour.

Passings

14% Passed In South Island, 7% North Island

Next Auction

Next sale North Island offering 6,300 bales Thursday 10th July 2025.