Wool prices staying up

Press, 24 February 1978, Page 3

Wool prices staying up

PA Auckland Prices at Auckland’s fifth wool sale of the season yesterday took an encouraging step up. Wool men described the sale as “very good,” and said prices were firm on last week’s healthy Invercargill sale. The official report said that in comparison with the Invercargill sale the market for fleece wools was unchanged: second shear was in sellers’ favour; best style and length lambs were in sellers’ favour; and the remainder were unchanged. In comparison to the last Auckland sale, fleece wool was 5 per cent dearer, second shear 7| to 10 per cent dearer and'lambs up to 2| per cent dearer.

The 30,000 bale offering was full length fleece, second shear and lambs wools in roughly equal proportion. Animated bidding throughout the day came from a full bench of buyers — Continental, Bradford, Eastern European and Japanese interests. The Wool Board gave minimal support, and purchases were negligible. The adjusted weighted Average Selling Price was 190.42 c per kilo. It will i apply until February 26. I The official price range is:

Medium Crossbred, 44/435: l Good .. .. 203 to 212

Good to average .. Average 191 to 202 175 to 190 Second Shear. Good Length: Good 206 to 213 Good to average .. 195 to 205 Average 181 to 194 Second Shear, Short: Good 196 to 206 Good to average .. 185 to 195 Average 170 to 184 Second Shear. Bellies and Pieces: Average 153 to 162 Poor 141 to 152 Pieces. Crossbred, 44/ 48s: Average 151 to 161

Poor 140 to 150 Bellies, Crossbred, 44/ 48s: Average 144 to 152 Poor 136 to 143 Lambs, Fine Crossbred. Long, 50s: Good 209 to 217 Good to average . 201 to 208 Average 185 to 200 Lambs, Fine Crossbred. Short, 50s: Good 208 to 214 Good to average . 201 to 207 Average 185 to 200 Second Lambs: Average 161 to 170 Poor 151 to 160