Buoyant wool sale
PA Dunedin The market was buoyant at the Dunedin wool sale yesterday when keen, spirited bidding lifted prices for many lines. A significant lift showed in prices for poorer short wool, and also lambs’ wool and second-shear. The Wool Board bid on 12 per cent of the offering and bought 3.4 per cent. Compared with the last sale in Christchurch on January 31, all fine wool lines were firm or improved up to 2.5 per cent, said the official report. All fine crossbred was in sellers’ favour. Better wool in the medium and strong crossbred section was inclined in buyers’ favour, and poorer styles in sellers’ favour. Crossbred second-shear
improved up to 4 per cent, and longer lambs’ wool was in sellers’ favour. Skirting were in sellers’ favour, and locks and second pieces rose up to 10 per cent. Widespread competition came from Eastern and Western Europe, supported by the Far East and New Zealand mills. The market indicator for the Napier and Dunedin - sales yesterday was 645 c clean and 346 c greasy. Range of prices, clean: Extra fine Halfbred fleece, 26 micron: Good to 528. Fine Halfbred, 27 micron: Good to 508. Fine Halfbred, 28 micron: Good to 508. Medium Halfbred, 29 micron: Good to 507. Fine crossbred, 33 micron: Good 474 to 485.
Medium crossbred, 35 micron: Good 476 to 498, good average 474 to 482. Strong crossbred, 37 micron: Good 475 to 485, good average 471 to 483, poor 458 to 471. Lambs Fine crossbred, 29 micron: Good to super to 478, good to 476. Crossbred lambs, 31 micron: Good to super 458 to 462, good to 452, good to average to 448. Second shear Crossbred, 37 micron, 75/ 125 mm: Good to 498, good to average to 485. Crossbred, 37 micron, 50/ 100 mm: Good to 492. Pieces Crossbred, 35 micron: Average to good to 423, average 405 to 421. Cotts Crossbred, soft: Good average 433 to 444. Crossbred, hard: Average to 419. Napier report, page 28
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Press, 8 February 1986, Page 3
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335Buoyant wool sale Press, 8 February 1986, Page 3
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