Wool barely firm
PA Timaru Prices at the Timaru wool sale yesterday were barely firm on recent rates, although observers in the trade believed it to be a good December auction for the region. H i g h-yielding Merino fleece, which comprised 14 per cent of the offering of 24,680 bales, was in buyers’ favour but tended to strengthen in price during the day. Halfbred was erratic and inclined in buyers’ favour apart from some stylish lines which brought a high premium. Crossbred was barely firm on recent sales but bidding was spirited on high-yield-ing, well-grown lines. Lateshorn crossbred showed shed
stain, cottiness and tenderness, and suffered by comparison. The Wool Board bid on only 13 per cent of the offering. East and West Europe provided the main competition, supported by New Zealand mills, Bradford and Japan. The adjusted weighted average sale price (awasp) yesterday was 203.23 c per kg. Based on this, a Government supplementary payment of 0.90 per cent will apply to all wool sold at the sale and all wool sold privately to midnight December 7. The official price range was. —
c c Fine Merino, 64s and Finer: Good to super 259 to 281 Good 246 to 258 Average 228 to 245 Medium Merino, 60s and 60/64s: Good to super 254 to 268 Good 240 to 253 Average 220 to 239 Fine Halfbred, 58s and 58/60s: Good to super to 288 Good 222 to 248 Average 209 to 221 Medium Halfbreds, 56s and 56/58s Good to super 227 to 246 Good 200 to 226 Average 195 to 200 Strong Halfbreds, 54s and 54/56s: Super to 264 Good to super 218 to 243 Good 208 to 217 Average 191 to 207 Southdown: Average/good 257 to 286
Extra Fine Crossbred, 50/52s and 52s: Good 215 to 226 Fine Crossbred, 48/50s and 50s: Good 216 to 232 Average 201 to 215 Medium Crossbred, 46/50s: Good 220 to 231 Average 209 to 219 Coarse crossbred, 46/ 48s and coarser: Good 216 to 230 Average 202 to 215 Woolly Hogget Medium Halfbred, 56s and 56/58s: Good to super to 242 Good 218 to 238 Average 206 to 217 Fine Crossbred, 50s and 50/52s: Good 220 to 237 Average 210 to 219 Medium Crossbred, 48s and 48/50s: Good 224 to 238 Average 217 to 223 Shorn hogget Medium Halfbred and Corriedale: Good 209 to 216 Average 196 to 208 Fine Crossbred, 50/ 52s: Good to super to 245 Good 226 to 237 Average 214 to 225 Medium Crossbred, 48/50s: Good to super to 244 Good 223 to 235 Average 211 to 222 Second sheaf Crossbred, 3in to 4in, 46/50s: Good 215 to 226 Average 200 to 214 Pieces Merino, 60/64s: Good/average 208 to 219 Poor/average 183 to 207 Halfbted, 54/58s: Good/average 183 to 201 Poor/average 161 to 182 Crossbred. 46/50s: Good/average 172 to 186 Poor/average 150 to 171
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Press, 7 December 1978, Page 3
Word Count
475Wool barely firm Press, 7 December 1978, Page 3
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