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.