NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market dearer again.

Comment

North Island offering 6,500 bales and South offering 8,600 bales this week. The selection consisted of 30% second shear 34 to 38 micron average colour, bulk 75mm and longer, 29% ewe fleece average colour bulk 75/125mm and longer, 21% new season lambs, bulk 29.5 micron and finer, 15% associated oddments and 5% miscellaneous types. Keen widespread competition with most sectors operating. South East Asia main with support from the United Kingdom, local carpet mills, Europe and China.

Fleece

Superior colour 7% dearer.

Good/Average colour 3.5% dearer.

Second Shears

All descriptions 3.5% dearer.

Lambs

Up to 5% dearer.

Oddments

All descriptions 3.5% dearer.

Passings

8% passed in.

Next Auction

South Island only offering 6,000 bales Thursday 17th February.