Record price for greasy wool

Press, 20 November 1981, Page 3

Record price for greasy wool

PA Dunedin The New Zealand record price for greasy wool was broken twice at the Dunedin sale yesterday finishing at 611 c a kilogram for eight bales of extra-fine Merino fleece from Little Valley station, near Alexandra. An earlier sale from Little Valley made 606 c, for four bales of extra-fine Merino fleece. Wool from Matangi station equalled the previous record of 596 c a kilogram set at the last Christchurch sale. This was for. 11 bales of super-fine Merino hogget; Compared with the Christchurch fine-wool sale on October 30, the fine and extra-fine Merino fleece was barely steady, and medium and strong Merino in buyers’ favour. Halfbred fleece was up to 2.5 per cent dearer, and skirtings in sellers’ favour, Compared with the Wellington sale on November 13, fine and extra-fine crossbred fleece was 2.5 per cent

dearer. Medium and coarse crossbred fleece, and skirtings, were in sellers” favour. Crossbred oddments were unchanged. Crutchings were up to 2.5 per. cent dearer. The Wool Board bid on about 7 per cent of the catalogue, and bought 1.5 per cent. The main competition came from the Far East,’ supported ’by Western ’ Europe and New Zealand mills. The 28,955-bale offering was: Merino fleece, 20 per cent; Halfbred and Corriedale, 25 per cent; crossbred, 19 per cent; and oddments, 34 per cent. The adjusted weighted average sale price was 261.47 c a kilogram. Based on this, a Government supplementary payment of 22.40 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on November 18 to midnight on November 19. Official range of prices: Extra fine Merino.

64/70s and finer: Average 272 to 297 Good 289 to 308 Super 559 to 596 Fine crossbred 48 Average 272 to 288 Good to super 521 to 558 50s and 50s: Fine crossbred. 50s Good 487 to 520 Good 293 to 316 and 50'52s: Average 436 to 586 Average 272 to 298 Good to super 307 to 317 Medium Merino. 60s Medium crossbred. Good 285 to 306 and 60'64s: 46 '50s: Average 270 to 284 Super 534 to 555 Good 291 to 314 Medium crossbred Good to super 506 to 532 Average 273 to 290 48s and 48 50s: Good 471 to 505 Coarse Crossbred. Good to super 303 to 311 Average 426 to 472 44'46s and Good 278 to 302 Fine Halfbred. 58; coarser: Average ~ 266 to 276 . 60s: . ’ - Good ; • ;1-. ■ -> , 308 to 318 •’.'f • '■ - ' ’’I’: , Good to suppr 439 to 457 . Average .'4 279 to 307 Good 387 to 438 Merino 60/64s: Average 369 to 386 < Wooly hogget - Average to Good 399 -to 422 - Medium-fine . HalfFine Halfbreds 58s Poor to Average 362 to 376 bred. 56s and 56 Halfbred 54/58s: 58s: and 58 60s: 453 493 Average to Good 370 to 396 Good to super 338 to 360 Super to Poor to Average 242 to .272 •' Good 323 to 337 Good to super 42b to 452 Crossbred 46/50s: Average Strong Halfbred. 54s 297 to 322 Good Medium Halfbred. 396 to 425 Average to Good Average 229 219 to 248 to 226 , and 54/S6s: Good to super 321 to 334 56s and 56/58: Super 407 to-417 First crutchings Good 273 to 320 Good to super 392 to 406 Crossbred 44 48s: Average 263 to 272 Good 379 to 392 Good 216 to 226 Extra fine crossbred. Extra fine crossbred. Average to Good 191 to 212 50,'52s and 52s: 52s and 52 54s: 318 Average to 190 | •Good 298 to 316 Good to super 309 to Inferior 162 to