Official report, prices

Press, 13 February 1981, Page 8

Official report, prices

Fine wools were cheaper at the Christchurch wool sale yesterday, but crossbred.wools wore unchanged, according to the official report on the sale issued by the Christchurch Woolbrokers’ Association in conjunction with the Wool Board and the Woolbuyers’ Association. For fine wools the market compared with the Timaru sale on February 5 was quoted as follows:— Merino: nominally up to 5 per cent cheaper; extra fine, fine and medium Halfbreds, 2J per cent to 5 per cent cheaper; strong and extra strong Halfbreds, in buyers' favour; Halfbred skirtings: nominally in buyers’ favour. Compared with the Wanganui sale this week the market for crossbred wools is as follows:— Fine, medium and strong crossbreds: firm. Short hogget, sec-ond-shear, lambs’ wool and skirtings: nominally unchanged. The report says that t.he main competition came from Eastern Europe and China with limited support from the Continent, Japan and local mills. The Wool Board gave substantial support to the market by bidding on 7676 bales, or 76.7 per cent of the offering, and having 3139 bales, or 31.3 per cent, sold or passed to it. sThe sale by sample consisted of 10,012 bales contributed mainly by North Canterbury, the Canterbury plains, and Marlborough with a few lots from Nelson and the West Coast. Fleece wools were generally of good colour, but many of the lots were low yielding but of good style. All wool was tested for yield and manv lots were also tested for fibre diameter. The range of prices issued by the Christchurch Woolbrokers’ Association. is:—

Merino, 60/645, 64/ 70s: :■ ■ ... Good to super .. to 401 Good .. .... 3j5 to 378 Extra Fine Haltbred and Corriedale, 58s, 58/60s: Good to super .. 310 to 324 Good - ■ 277 to 290 Fine. Ilalfbred and Corriedale. 56,' 58s: L Good 269 to 289 Good, low yield .. 250 to 260 Average • • .. 243 to 260 Medium Halfbred and Corriedale 54/565: Good .. ... 262 to 280 Good, low yield .. 246 to 259 Average .. ... 242 to 259 Strong ilalfbred and Corriedale, 50/545: Good .. .. 259 to 281 Good, low yield ■ • 244 to 259 Average 238 to 259 Medium Crossbred, 46/50s: Good - ■ • - 263, to 284 Good, low yield • • 243 to 263 Average 242 to 255 Strong Crossbred, 44/48s: Good .. .. 261 to 280 Good, low yield • ■ 245 to 260 Average . • 243 to 260 Shorn hogget Fine Halfbred and Corriedale, 56/58s and 58s: Good .. .. 265 to 279 Medium Halfbred and Corriedale, • 50/545: Good .. 257 to 271 Fine Crossbred, 48/ 50s: Good to super .. to 300 Good .. 268 to 287 Average .. 246 to 261 Second-shear Strong Crossbred, 2in to 41n, 44/48s; Good .. .. 253 to 276 Average .. .. 236 to 256

Necks Halfbred. 50/56s and 56/58s: Average to good .. 235 to 270 Pieces Halfbred, 50/56s and 56/583: Good .. .. 210 to 230 Average .. 189 to 209 Medium Crossbred, 46/50s: z Average to good .; 19> to 230 Bellies Halfbred, SO/56s and ' 56/58s: * 1 Average to good .. 172 to 184 Lambs* wool Halfbred, 50/56s end 56/58s: Average to good .. 236 to 280 Fine Crossbred, 48/ 50s: Good .. .. 249 to 269 Average .. .. 236 to .249 According to the Invercargill Woolbrokers’ Association their offering of 12,212 bales consisted mainly of crossbred fleece with a few lots of lambs’ wool. Because of a lack of rain in the district the wool was of very good colour and for the saw* reason yields were much lower than usual. The following is the rings of values for the southern wools:— c. e. Crossbred, Higher Yielding. 44/48s: Good .. 255 to 266 Average .. 2.T0 to 254 Poor .. 240 to 249 Crossbred, Lower Yielding. 44/48s: Good .. .. 241 to 247 Average .. .. 230 to 240 Poor .. 220 to 230 Shorn hogget Crossbred: Good .. ;. 262 to 280 Average .. 246 to 261 Lambs* wool Crossbred: Good .. 249 to 269 Average to good .. 236 to 249