NEW ZEALAND MARKET REPORT

Summary

New Zealand market recovers some of it’s losses.

Comment

The New Zealand market weathered the recent ups and downs seen in Australia since the last South Island sale and showed definite signs of recovery.  The merinos generally saw increases averaging 5%, although coarser wools, 18 to 20 micron saw bigger percentage increases.  As has consistently been the case better specified wools continue to attract strong competition.  Coarser wools up to 30 micron showed significant increases between 5-10%.  There was good widespread competition across the catalogues.