Napier wool up
A strong Chinese demand for the last of the season’s hogget fleece at the Napier wool sale yesterday resulted in a rise in prices compared with the Dunedin sale on Thursday. The hogget fleece, which accounted for 28 per cent of the catalogue of 28,625 bales, was quoted as being from 8c to 10c a kilogram dearer than at Dunedin. <
Most other descriptions in : eluding ewe fleece, crutchings, and oddments were unchanged. >. Apart from the Chinese interest, the best support came from Eastern Europe, Japan, and New Zealand carpet mills. : It was estimated unofficially that the total supplementary payout on the sale would amount to about $2,433,000, or $B5 a bale, to bring the price up to the, Government's supplementary
minimum payment of 320 c a kilogram. . This will take the total payout for the season well past $3O million,- although less than 25 per cent of the season's clip has so far been sold. The adjusted weighted average sale price was 257.26 c a kilogram. Based on this, a Government supplementary payment of 24.4 per cent will apply to all wool sold at the sale and all wool sold privately from midnight last night to midnight on November 26. Official range of prices:
Fine hooget fleece. 48/50s, high yielding: Good to super 330 to 342 Good 316 to 328 Average Low., yielding: 301 to 313 Good to super 315 to 324 Good 305 to 313 Average Ewe fleece. 44/48s. 293 to 301 high yielding: Good to super 307 to 316
Good . 296 to 305 Average 275 to 292 Low yielding: Good to super 293 to 302 Good 281 to 291 Average 270 to 279 Second-shear, 44/48s, 75mm to 100mm: Super up to 313 Good to super 280 to 288 Good 271 to 278 Average 261 to 270 Second-shear. 50mm to 100mm: Good to super 273 to 284 Good 260 to 269 Average 246 to 257 Second-shear bellies and pieces, 44/ 48s: Average to good 190 to 200 Average 179 to 185 Inferior 166 to 173 First lambs, 48/50s and 50s. 50mm to 75mm: Good 270 to 280 Average to good 255 to 269 Up to 50mm: Average 250 to 260 First pieces: Good 221 to 230 Average to good 210 to 220 Average 199 to 209 Inferior 190 to 198
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Press, 21 November 1981, Page 3
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384Napier wool up Press, 21 November 1981, Page 3
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