NEW ZEALAND MARKET REPORT

Summary

Good offering of finer wools this week

Comment

The South Island had a good offering of merino and halfbred wools this week.  Halfbreds suffered from a lack of support this week and dropped significantly compared to the last sale in Christchurch.  The offering of merino wool was the first reasonable quantity that we have seen here this season.  These wools were well supported and attracted keen competition from a range of buyers.  Prices were in line with what we have seen in Australia with good lines keenly sought after.