Wool steady at Invercargill

Press, 16 February 1978, Page 3

Wool steady at Invercargill

PA Invercargill Values for fleece wool were generally unchanged on Timaru rates on the first day of the two-day wool sale at Invercargill yesterday. Crossbred skirtings were 2| per cent dearer and oddments sold in sellers’ favour. Lambs’ wool was unchanged. The catalogues contained 20,100 bales, of which 77 per cent was fleece wool, 7 per cent was lambs’ wool, the balance, oddments. The fleece wool opened up showing an over-all better standard of colour than

would normally be associated with this sale because of the dry conditions experienced this summer. Over-all length was good but the usual tenderness was evident, as was a degree of cotting. The lambs’ fleece was generally high-yielding and in most cases fairly well picked. Any lots that were not were discounted, with most being 3in to 3|in in length although the latershorn lots were slightly longer. A premium is paid for the longer lots because of their suitability for combing. The main competition

came from Eastern and Western Europe with moderate support from the Middle East and Bradford. The Wool Board gave limited support to the market by bidding on 1.5 per cent of the offering and having 32 bales (0.2 per cent) passed to it. Official range of prices:

c c Crossbred. Medium 46/50s: Good 192 to 205 Average 185 to 191 Coarse 44/46s, and Coarser: Good 192 to 205 Average 185 to 191 Lambs' woel Crossbred, 48/508 and

50s: Good/super 211 to FS Good 205 to 210 Average Crossbred, 48/50s: 194 to 204 Good/average 175 to 180 Poor/average 169 to 174 Necks Crossbred, 50s and 48/50s: Good/super 201 to 205 Good 192 to 199 Average 136 to 191 Pieces Crossbred. 44/48s: Good 167 to 170 Average 161 to 166 Poor 155 to 160 Bellies Crossbred. 44/48s: Good 155 to 162 Average 148 to 154 Locks end second pieces Crossbred Average 125 to 143