NEW ZEALAND MARKET REPORT

Summary

Merino market rises.

Comment

The South Island had another good offering of fine wools and halfbreds this week with some good quality clips available.  The market followed the same upward trend seen in Australia over the past two weeks with gains of up 10% over most microns with 18.0 micron experiencing even greater gains when compared to the last Christchurch sale.  Substantial gains were also seen across oddments types also in the region of 10%.  Halfbred types also enjoyed a rise in the market with some types increasing by up to 10%.