NEW ZEALAND MARKET REPORT

Summary

Crossbred market firm tending buyers favour.

Comment

North Island offering 9,100 bales and South Island offering 5,100 bales today.

North Island selection consisted of 24% crossbred fleece average/good colour, 75/150mm, 61% crossbred second shear and hogget shears mainly good colour, 6% lambs good colour, 8% crossbred oddments, mainly average colour and 1% miscellaneous types.

South Island selection consisted of 51% crossbred fleece mainly good colour, 10% halfbred fleece good colour, 4% merino fleece, 6% crossbred shears, 21% oddments, 6% lambs and 2% miscellaneous types.

Main competition Europe and India, supported by the United Kingdom, China and Australasian carpet mills.

Fleece

Crossbred fleece good colour firm to buyers favour.

Crossbred fleece average colour 2.5% cheaper.

Shears

Good colour firm to 2% cheaper.

Average colour buyers favour.

Lambs

Very firm.

Oddments

Crossbred oddments 3% cheaper.

Passings

14% passed in.

Next Auction

Next sale North Island only offering an estimated 10,000 bales Thursday 9th January 2025 in the first sale of 2025 .