Invercargill wool down

Press, 13 November 1981, Page 3

Invercargill wool down

PA Invercargill A feature of the invercargill wool sale yesterday was the denary station hogget wool clip which attracted prices thought to be the highest paid in Southland. The station had 325 bales of Half-bred hogget wool on offer, the ton price of 439 c a kilogram being paid for a line of 23 bales. A further 13 bales fetched 430 c. The rest of the station's offering sold between 350 c to 428 c, pieces realising 400 c. The official report said that the catalogues contained 16,576 bales, 8433 bales short of the rostered 25,000 bales. The shortfall was caused by rain over the last two months that had hampered shearing. The offering was 56 per cent shorn hogget fleece, 6 per cent woolly hogget fleece, 20 per cent strong crossbred, 5 per cent crutchings, and the usual oddments. The Wool Board bid on 13.5 per cent of the offering and had 717 bales (4.3 per cent) passed to it. Competition was at times animated for Christchurch brokers’ wools, which were offered before the sale of Invercargill wools. A total of 3375 bales was offered by separation. The offering was drawn mainly from Canterbury, with a small selection from Marlborough, Nelson, and the West Coast. It comprised mainly Halfbred and Corriedale hogget wool covering a wide range of quality and there was also a representative selection of crossbred ewe and hogget types. The Christchurch report said there was a full bench of buyers and competition was widespread and at times animated. China and Western

Europe were the main buyers, supported by Eastern Europe. Compared with the Christchurch sale on October 30, fine to strong Halfbred types were firm, and extra strong Hallfbred in buyers’ favour. Compared with the Napier sale on November 5, fine crossbred wool was quoted as firm, with medium and strong crossbred in buyers’ favour. The adjusted weighted average sale price was 257.97 c a kilogram. Based on this, a Government supplementary payment of 24.1 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on Wednesday to midnight last night. Official range of prices: Crossbred, 3in to sin, 44/48s: Good 265 to 275 Average 255 to 264 Crossbred, 4in to 6in. 44,'48s and coarser: Good 286 to 385 Average 270 to 285 Woolly hogget Fine crossbred. 50s and 50/525: Good-Super to 315 Average-Good 285 to 300 Medium crossbred. 48s and 48/50s: Good to 310 Average-good 280 to 300 Shorn hogget Fine crossbred. 50s and 50/525: Good-super Up to 315 Average-Good 280 to 295 Medium crossbred, 46/50s: Good-Super Up to 308 Average-good 275-290 First lambs. 48 50s and 50s: Good Up to 290 Average-good 270 to 278 Pieces Crossbred 44/48sGood 210 to 225 Average 195 to 210 Poor 165 to 185