NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market mixed.

Comment

Both centres selling today. North Island offering 8,300 bales and South Island offering 11,800 bales this week. The selection consisted of 28% poorer style crossbred fleece, 35-38 micron 100/125mm, 38% crossbred second shear, 36-40 micron, bulk good colour 75mm, 14% lambs fleece, North Island 29-31 micron poor colour, South Island 30-32 micron, good colour, 5% halfbred fleece good/average style 22-30 micron, 17% associated oddments and 5% miscellaneous types. Good competition with Australasian carpet mills and Indian Sub Continent main. Support from Europe, the United Kingdom and China.

Fleece

All descriptions very firm.

Second Shears

Good colour shears 75/100mm 2.5% dearer.

75mm & shorter 2.5% cheaper.

Lambs

Lambs firm.

Oddments

All descriptions firm.

Passings

10% passed in.

Next Auction

North Island only offering 8,000 bales Thursday 14th July.