NEW ZEALAND MARKET REPORT

Summary

Market dearer.

Comment

North Island only offering 4,730 bales today.  Selection consisted of 68% crossbred and hogget shears, good colour, 12% crossbred fleece average/good colour, 75/150mm, 5% crossbred lambs coarse fleece mostly good/average colour, 12% crossbred oddments, mostly good/average colour & 3% miscellaneous types.

Main competition Europe and India, supported by the United Kingdom, local Australasian carpet mills & China.

Fleece

Good colour crossbred fleece 2% dearer.

Average colour crossbred fleece 4% dearer.

Shears

Good colour crossbred shears 2% dearer.

Average colour crossbred shears 7% dearer.

Oddments

Crossbred oddments good/average generally 5% dearer.

Passings

3% passed in.

Next Auction

South Island only 7th November offering 4,050 bales.