Wool prices ease at sale
Wool prices eased yesterday at the Invercargill auction, held in Christchurch, under the influence of a stronger New Zealand dollar. The official report showed prices for most fleece descriptions falling, when compared with the Napier sale on January 23. Better style medium crossbred, at 35 micron, was down 2.5 per cent with the poorer style in buyers’ favour; better style strong crossbred, 37 micron, was down 4.5 per cent with the poorer style par to minus 2.5 per cent; crossbred cotts were firm; second shear was par to minus 2.5 per cent, lambs were down 2.5 to 5 per cent, the skirtings were in buyers’ favour and the oddments were fully minus
2.5 per cent. The competition was well spread with a strong bidding tone. The principal buyers were eastern Europe supported by western Europe, local mills and the Far East.
The Wool Board gave limited support to the market by bidding on 2370 bales, 11.6 per cent, and having 910 bales, 4.5 per cent sold or passed to it.
The market indicator for the sale was 459 clean and 341 greasy. The following is the official range of clean prices issued by the Invercargill Woolbrokers’ Association in conjunction with the Wool Board and the Council of Wool Exporters.
Fine Crossbred, 33 micron:
good to 498, good to average to 483 to 488.
Medium Crossbred, 35 micron: good to 484, good to average 465 to 480, poor 440 to 464. Strong Crossbred, 37 micron: good to 478, good to average 465 to 470, poor 460 to 469. Shorn Hogget Crossbred, 33/34 micron, 75/125mm: good to 476. Lambs Crossbred, 31 micron: good to super to 466, good 458 to 460, good to average 445 to 457. Second-shear Crossbred, 37 micron, 75/ 125 mm: good to 472, good to
average to 468. Crossbred, 37 micron, 50/ 100 mm: good to average to 455. Necks Fine Crossbred, 32 micron: average to good to 470. Pieces Crossbred, 35 micron: average to 407. Bellies Medium Crossbred, 35 micron: average to 407. Crutchings Crossbred, 37 micron: good to 424, average 398 to 414. Locks • Crossbred, 35 micron: average to good to 325.
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Press, 30 January 1986, Page 15
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361Wool prices ease at sale Press, 30 January 1986, Page 15
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