NEW ZEALAND MARKET REPORT

Summary

Still limited offering of finer wools.

Comment

The South Island had a good offering of halfbred wool this week, but only a few lots of merino.  Halfbreds struggled to maintain last week’s levels and dropped by 2 to 7% with 24.0 to 27.0 micron most affected.  The few lots of merino were well supported with better lots being sellers favour when compared to the Australian sales this week.