NEW ZEALAND MARKET REPORT
Market holds up well in a larger offering.
North Island only offering 12,000 bales this week. The selection consisted of 35% second shear poorer style, bulk 75mm, 17% crossbred ewe fleece poor colour bulk 75/125mm and longer, 31% lambs fleece, bulk 29.5 micron and finer, good/average colour, 12% associated oddments and 5% miscellaneous types. Keen widespread competition with most sectors operating. Indian sub continent main with support from Europe, United Kingdom, China and Australasian carpet spinners.
Good colour fleece 2.5% dearer.
Poorer style fleece sellers favour.
Good colour 2.5% dearer.
Poorer style sellers favour.
Generally 3% cheaper.
All descriptions 4% dearer.
5% passed in.
South Island only offering 8,000 bales Thursday 3rd March.