NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market generally tending dearer with the exception of good colour lambs wool.

Comment

South Island offering 6,500 bales and North Island offering 10,600 bales. The selection consisted of 50% ewe fleece good/average colour, 75/150mm, 10% crossbred second shear good colour, 75mm +/-, 25% lambs, generally good colour in the South with more average colour in the North, 8% associated oddments and 7% miscellaneous types. Main competition Indian sub-continent, United Kingdom and Europe, with support from China and local carpet mills.

Fleece

Good colour crossbred ewe/hogget fleece fully firm.

Poorer style crossbred fleece up to 2% dearer.

Shears

Good colour crossbred shears fully firm.

Poorer colour crossbred shears 4% dearer.

Lambs

Good colour lambs buyers favour.

Oddments

Carding oddments 5% dearer.

Passings

10% passed in.

Next Auction

South Island only offering 8,150 bales 14th March 2024.