NEW ZEALAND MARKET REPORT

Summary

Market cheaper.

Comment

North Island only selling today with 6,800 bales on offer.  The selection consisted of 15% average colour crossbred fleece,  75/150mm, 50% good/average colour crossbred second shear bulk 75mm, 15% average/poor colour crossbred lambs 29-31 micron and 20% associated oddments.  Reasonable competition with Indian sub-continent main supported by local carpet mills, United Kingdom, Europe & China.

Fleece

Good colour crossbred fleece 2.5% cheaper.

Poorer style crossbred fleece buyers favour.

Shears

Good colour crossbred second shears 2.5% cheaper.

Poorer colour crossbred second shears buyers favour.

Lambs

All descriptions fully firm.

Oddments

All descriptions 5% cheaper.

Passings

13% passed in.

Next Auction

South Island only offering 8,600 bales, 3rd August.