Wool prices firm again

Press, Volume CXI, Issue 32777, 30 November 1971, Page 2

Wool prices firm again

(New Zealand Press Association!

AUCKLANP, November 29. Wool prices, continuing their slightly more buoyant level at the third Auckland sale of the season today,# reflected the increased overseas demand for crossbred.

The prices were fully up to those paid at Napier last week. They generally were fractionally better than at the Auckland sale last month and, on average, about 6c a kilogram above prices ruling at the equivalent sale last year.

The two-day sale will continue on Wednesday. It opened a little sluggishly, but under the stimulus of demand from Iron Curtain countries, Western Europe and the United States prices firmed as the sale progressed.

Japan at the moment is very quiet. The average price was estimated at 55c a kilo or 24.95 c per lb, a distinct improvement on the 48.5 c a kilo average for equivalent wools at the December sale last year. The average last month, with a somewhat different proportion of wools of the different categories, was 53.43 c a kilo.

A feature today was another good clearance of more than 3700 bales of stockpiled wool offered by the Wool Commission. According to buyers, the moths have had a nibble at the outer fringes of some bales, but the wool sold readily at prices equivalent to those being paid for the new season’s clip. A smaller amount of scoured wool also sold well. The offering today consisted of 20,923 bales, mainly hogget fleece, ewe fleece and second-shear with oddments and a small amount of lambs’ wool. Many of the hogget wools were well grown and tended to command a premium over shorter wools, said the official report. Lack of length in ewe wools, however, reflected the effects of facial eczema in

flocks last season, and water and shed stain was fairly prevalent. Top price of the day for new season s greasy wool was 691c a kilo, which was paid for a line of extra fine hoeeet wool from Manawahae, near Whakatane. Range of prices SHORN H0GG6T Q c Extra Fine, 52/54s, 54/568: Good .. «t to 69 i Good average .. 64 to 661 Average .. 61 to 631 Fine, 50/52s: Good .. 65 to 671 Good average .. 63 to Sil Average .. 59 to 621 Medium, 46/50s: Good .. 62J to 641 Good average .. 601 to 62 Average .58 to 60 Early-shorn Hogget. Fine. 50/52S, 48/ 50s: Good .62 to 64 Good average .. 59 to 611 Average .56 to 58 Crossbred Fleece, Medium, 44/48s: Good . .. 62J to 64 Good average .. 60 to 62 Average .. 57 to 591 Second Shear, 3in to 41n and 2in to 41n, 44/48s: Good ..61 to 63 Good average .. 58 J to 601 Average .. 56 to 58 2in to 31n, 44/48s: Good .. 59 to 61 Good average .. 561 to 581 Average .. 53 to 56 . ODDMENTS Crossbred Pieces, 46/SOs: Good average .. 45 to 47 Average .. 40 to 44 Crossbred Bellies, 46/50s: Good average .. 38 to 41 Average . 34 to 371 Locks and Second Pieces: Average .. 27 to 30