NEW ZEALAND MARKET REPORT

Summary

Market generally easier.

Comment

South Island only offering 5,500 bales.  The selection consisted of 23% crossbred fleece, good/average style, 36.0 to 38.0 micron, 100/150mm, 11% crossbred hogget fleece 30.5 to 35.0 micron good style bulk 75/125mm, 18% crossbred hogget second shear, 31.0 to 38.0 micron good/super style bulk 75/100mm, 15% halfbred fleece, 23.0 to 29.0 micron, good style, 11% merino fleece super style 15.0 to 22.0 micron, 18% associated oddments and 4% miscellaneous types.  Most sectors operating in a limited capacity.

Fleece

Crossbred fleece, good style buyers favour.

Crossbred fleece average style 3% cheaper.

Halfbred 22.0-28.0 micron 3% cheaper.

Halfbred 29.0 and coarser firm.

Merino fleece 21.5 micron and finer generally cheaper at levels similar to the Australian market.

Oddments

All descriptions firm.

Passings

32% passed in.

Next Auction

North Island offering 6,100 bales Thursday 10th November.