NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market continues to trend upwards.

Comment

South Island only offering 7,800 bales this week. The selection consisted of 15% second shear generally good style, bulk 75mm, 48% crossbred ewe fleece good/average colour bulk 75/125mm and longer, 16% lambs fleece, bulk 28.5/31.0 micron, good colour, 15% associated oddments and 6% miscellaneous types. Keen widespread competition. Indian sub continent and China main with support from Europe, United Kingdom and Australasian carpet spinners.

Fleece

Sellers favour.

Second Shears

Very firm.

Lambs

5% dearer.

Oddments

All descriptions firm.

Passings

7% passed in.

Next Auction

South Island offering 8,000 bales and North Island offering 11,700 bales Thursday 10th March.