Wool prices easier

Press, 29 March 1979, Page 3

Wool prices easier

PA Invercargill Most prices at the Invercargill wool sale yesterday were below those at the Napier sale last Friday. Compared with Napier, crossbred fleece and first lambs’ wool was 2.5 per cent cheaper; crossbred skirtings, oddments and crutchings were in buyers’ favour; and second lambs’ w’ool was firm. The fleece wools showed general discolouration and tenderness and cotting was evident in many lots. The lambs’ wool and sec-ond-shear showed discolouration but generally were high yielding.

.The two-day catalogues contain 42,129 bales, of which 21,404 bales were offered yesterday. The offering was 56 per cent fleece, 20 per cent lambs’ wool, 6 per cent second-shear, and the balance oddments.

The main competition came from Western and Eastern Europe with limited support from Bradford, Japan and New Zealand mills. The Wool Board bid on I per cent of the offering and had 23 bales passed to it. The range of prices was: c c Coarse crossbred, high yielding, 44/

48s: Good .. .. 255 to 268 Average .» x 249 to 254

Coarse crossbred, lower yielding, 44748s: Good 243 to 248 Average 239 to 242 Second shear Crossbred, 3in to 4in, 44748s: Good 265 to 278 Average 250 to 264 Crosbred. 21n to Sin, 44748s: Good 250 to 260 Average 240 to 249 First lambs Crossbred, 48750s and 50s: Good7Super ,. 270 to 284 Average/good 265 to 269 Average 250 to 264 Pieces Crossbred, 44748s: Good 208 to 215 Average 200 to 207 Poor 180 to 190 Second lambs Crossbred, 50752s: Good7average 235 to 240 Poor7averag« .. 220 to 225