NEW ZEALAND MARKET REPORT
Market continues to strengthen.
North Island only offering this week with 10,500 bales available. The selection consisted of 30% crossbred fleece, mainly average style 3/5″, 4/6″, 25% crossbred second shears average/good style bulk 3″, 30% lambs mainly good style 2/3″ and 15% associated oddments. The market continued its strong upward trend with good demand from China/Australasian carpet mills. Lambs look cheap for the micron with Chinese and European buyers active. Good support from the Indian Sub Continent. A good clearance of wool.
Better style firm.
Poorer style 7.5% dearer.
Better style sellers favour.
Poorer style 10% dearer.
Lambs 10% dearer.
Combing oddments sellers favour.
Clothing oddments 8% dearer.
1.5% Passed In.
South Island only offering 8,700 bales on 11th March.