NEW ZEALAND MARKET REPORT
The auction today was held at the Canterbury A&P Show today allowing the opportunity to showcase the auction process to growers and other show attendees some of which will never have witnessed a wool auction before. The New Zealand fine wool market was much stronger when compared to the last sale held in Christchurch. There was a good selection of wools 14.0 micron through to 22.0 micron. While there was a significant proportion of hogget wools there were also some excellent adult wools on offer. The fine wool market when compared to the last sale held in New Zealand was between 3 and 10% dearer. Finer wools less than 17.5 micron were betwen 5-10% dearer. 18.0 to 19.5 micron were up to 5% dearer. There was excellent competition with a full bench operating across all fine wools with spirited bidding.