NEW ZEALAND MARKET REPORT

Summary

New Zealand market continues to rise.

Comment

The New Zealand fine wool market rallied in line with Australia.  Generally large increases were seen across the board from 16 micron through to 23.0 micron .  There have been 4 days selling in Australia since New Zealand last sold fine wools and the dramatic increases reflected the market movements seen in the Australian market ranging from between 2.5 and 8%.  The biggest increase was seen 21.0 to 23.0 micron bracket at around 7 to 8% There was widespread competition across the board and across the catalogues.