Market rises- NZ Market Report (24 September 2020)

South Island only offered 10,170 bales.  The selection consisted of 45% crossbred and hogget fleece wool, mainly good/average colour, 10% crossbred second shear 75/100mm and shorter good colour, 10% halfbred fleece good style 22.0 to 29.0 micron good style, 8% merino fleece, 16.0 to 21.0 micron super style, 15% associated oddments and 5% miscellaneous types. 

Keen widespread competition with the Indian Subcontinent and Australasian carpet mills with support from the Continent, China and United Kingdom.

Fleece Wools – good colour crossbred fleece 5% dearer. Average/poor style crossbred fleece 2.5% dearer. Merino fleece up to 20% dearer. Halfbred fleece 15% dearer.

Second Shears – 75/100mm & shorter sellers favour.

Oddments – all descriptions 4% dearer.

Passings – 7% Passed In.

The next Auction – North Island only, offering 6,400 bales, 1 October 2020.

Source: Fuhrmann NZ Market Report