FUHRMANN NZ MARKET REPORT

Summary

Market struggles.

Comment

North Island only offering 7,000 bales today.  The selection consisted of 20% good/average colour ewe fleece, 34.0 to 38.0 micron, 50% good/average colour second shears, 35.0 to 38.0 micron with the balance consisting of associated fleece, shears, lamb fleece and oddments, mostly average colour  This week’s auction followed the same trend as last weeks South Island auction with some pressure on a small offering of good colour fleeces and early shorns showing very firm levels.  The larger volume of second shear lines however eased back again to buyers favour for both good and average colour.  Oddments were neglected on the day with a relatively small offering up to 5% cheaper.  Competition across most sectors with Europe beginning to show interest and well supported by China Australasian mills and the Sub-Continent.

Fleece Wools

Good/Average colour types firm.

Second Shears

Good/Average colour shears tending buyers favour.

Oddments

All descriptions up to 5% cheaper.

Passings

22% Passed In.

Next Auction

South Island offering 8,000 bales on 11 June 2020