NEW ZEALAND MARKET REPORT

Summary

Market tending easier.

Comment

North Island only selling this week offering 8,200 bales.  The selection consisted of 52% crossbred second shear bulk 75mm average colour, 16% crossbred fleece 75/150mm average/poor colour, 17% lambs fleece, 29-31 micron average/poor colour and 15% associated oddments.  Good general competition at this level with Australasian carpet mills and Indian Sub Continent main.  Support from Europe and the United Kingdom.

Fleece

Average colour crossbred fleece firm.

Second Shears

Good style crossbred shears 5% cheaper.

Poorer style crossbred shears buyers favour.

Lambs

All lambs firm.

Oddments

All descriptions buyers favour.

Passings

10% passed in.

Next Auction

South Island only offering 7,000 bales Thursday 9th June.