NEW ZEALAND MARKET REPORT

Summary

Market firm tending dearer.

Comment

South Island only selling today with 6,000 bales on offer.  Selection was made up of 45% average/poor colour crossbred fleece, bulk 75/150mm, 12% good/average colour crossbred second shear bulk 75mm, 23% average colour crossbred lambs 29-31 micron, 6% merino/halfbred fleece, 10% associated oddments and 4% miscellaneous types.  Indian sub-continent and local carpet mills main, supported by China, Europe and United Kingdom.

Fleece

In a limited selection good colour 10% dearer

Poorer style firm.

Shears

Good style 5% dearer.

Lambs

All lambs firm.

Oddments

All descriptions firm.

Passings

21% passed in.

Next Auction

North Island only offering 9,500 bales, Thursday 15th June.