New Zealand wool market report (27 May 2021)
Market continues to move upwards. North Island only. On offer are 7,250. The selection consisted of 50% crossbred shears mainly good colour up to 3″, 15% crossbred fleece mostly average colour, 15% good style lambs fleece, 15% oddments all descriptions and 5% miscellaneous types.
The auction maintained its upward momentum continuing on from last week’s positive sentiment. United Kingdom, China and Indian Sub-Continent main, with support from Australasian carpet mills and Europe.
Fleece Wools: all styles 5% dearer.
Second Shears: all descriptions 5% dearer.
Lambs: 3% dearer.
Oddments: crossbred oddments all descriptions up 8%.
Passings: 3% Passed In.
Next Auction: South Island only offering 5,500 bales 3 June 2021.
Source: by Helen Cameron, Schneider NZ