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45.
NZ Breeders Chase New
Asian Markets
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09/02/2003 |
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New
Zealand Thoroughbred Marketing will launch a major campaign to encourage
emerging Asian markets to the 2004 Karaka yearling sales.
In a post-Karaka sales interview NZTM chairman Joe Walls said the challenge for
the NZ breeding industry is to guarantee more buyers in the $NZ5000-$NZ20,000
range at next year’s sales series.
“What will be required is to turn that interest into real dollars at the sales
next year,” Walls said.
“Both Korea and The Philippines have the potential to become very worthwhile
markets at future yearling sales in New Zealand,” he said.
Walls said the buying bench at this year’s sales from overseas and
domestically was as good as it had been for a long time.
“A lot of hard work had gone in over the past year from New Zealand
Bloodstock, the New Zealand Thoroughbred Breeders’ Association, NZTM and the
vendors themselves into ensuring we had the buyers at Karaka and this paid
off,” Walls said.
“We saw an increase in the median price at most of the sessions and the
clearance rate was very good which showed that the vendors were prepared to meet
the market,” he sad.
“It was pleasing to see the appeal which our top sire Zabeel still had to the
overseas and domestic buyers.”
The 2003 sale series at Karaka produced an overall aggregate of $NZ47,235,200
compared to last year’s total of $NZ54,875,300.
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