NEW ZEALAND MARKET REPORT - The Schneider Group

Summary

Market generally firm tending easier.

Comment

South Island only selling today with 7,700 bales on offer. The selection consisted of 13% crossbred ewe fleece shears 36 to 38 micron, good/average colour, 100/150mm, 25% crossbred hogget fleece, 30 to 35 micron good colour 75/125mm, 15% crossbred ewe/hogget shear 30 to 38 micron good colour, 75/100mm, 17% halfbred fleece good/average colour 25 to 30 micron, 8% merino fleece, 16 to 20 micron, 18% associated oddments and 4% miscellaneous types. Reasonable competition with Europe/China main and support from the Indian sub-continent and local mills.

Fleece

Good colour crossbred fleece buyers favour.

Poorer style crossbred fleece firm.

Halfbred fleece buyers favour.

Merino fleece generally 30 cents cheaper.

Shears

Good colour crossbred shears buyers favour.

Poorer style crossbred shears firm.

Oddments

Better colour 5% cheaper.

Poor colour firm.

Passings

20% passed in.

Next Auction

North Island only offering 5,500 bales Thursday 23rd November.