NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market dearer.

Comment

North Island only offering 6,200 bales. The selection consisted of 20% crossbred ewe fleece, 34-38 micron mainly good colour 100/150mm, 55% crossbred second shear, 32-38 micron good colour 75mm plus, 5% crossbred lambs, bulk average colour 30-32 micron, 15% associated oddments and 5% miscellaneous types. Good buyer sentiment on the better style/colour wools with very strong competition coming on average colour lines. Europe and Indian sub continent main competition supported by local carpet mills, United Kingdom and China.

Fleece

Good colour hogget and ewe fleece sellers favour.

Poorer style fleece 9% dearer.

Second Shears

Good colour crossbred second shear generally 4% dearer.

Poorer style second shear 9% dearer.

Oddments

Crossbred oddments all descriptions 3% dearer.

Passings

3.5% passed in.

Next Auction

South Island only offering 5,600 bales Thursday 1st December.