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