NEW ZEALAND MARKET REPORT
Market continues to ease.
South Island offering 10,500 bales and North Island offering 8,500 bales. South Island selection consisted of 35% crossbred fleece, good and average style, 10% crossbred shear good style bulk 75mm, 25% halfbred wool 24.0-29.0 micron super style, 10% merino super style, 15% associated oddments and 5% miscellaneous types. The North Island offering consisted of 80% crossbred second shear, good colour, bulk 75/100mm and 20% associated oddments. Limited competition with the market affected by general limited demand and constraints on shipping possibilities.
Crossbred fleece all descriptions buyers favour.
Halfbred fleece 24-29 micron generally 10% cheaper with high passed in rate.
Merino fleece 15-23 micron with better wools keenly sought after but generally 5% cheaper after a dear sale last week.
75/100mm and shorter 5% cheaper.
Crossbred all descriptions tending buyers favour.
30% passed in dominated by 24-30 micron.
South Island only offering 8,000 bales Thursday 7th October.