Good wool firm at Invercargill

Press, 15 January 1982, Page 2

Good wool firm at Invercargill

PA Invercargill t Although the Wool Board continued to provide considerable support at yesterday’s Invercargill sale, well grown ( crossbred hogget maintained a premium, and shorn hogget was in sellers’ favour. The official report said that, based on the previous sale of Napier wool at Wanganui on Wednesday, the market for crossbred fleece was inclined in buyers’ favour, crossbred cotts to 2.5 per cent cheaper, crossbred skirtings barely steady, and oddments unchanged. The catalogues contained 35,390 bales made up of 86.97 per cent fleece. 0.60 per cent lambs’ wool. 0.55 per cent crutchings, and 11.88 per cent oddments. The main fleece wool _ showed good average colour. ~ Some lots containing an occasional cotted fleece were discounted. The main competition came from the Far East, supported by both Eastern and Western European mills. The Wool Board bid on 64 per cent of the offering and had 20.45 per cent passed to it. The adjusted weighted average sale price was 256.63 c a kilogram. Based on this, a Government supplementary payment of 24.7 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on Thursday to midnight last night. Official range of prices: Coarse crossbred. 44 48s and 50s. high yielding: Good 260 to 275 Average ■ 255 to 260

Coarse crossbred. 44/ 48s and coarser. low yielding: Good 250 to 258 .

Average Coarse cotts. 44'28s: 240 to 250 Good-average 240 to 248 Average to inferior 225 to 239 Inferior 218 to 224 Shorn hogget Fine crossbred. 50s and 50752s: Good 280 to 300 Average First lambs, cross260 to 275 bred. 48 50s and 50s, 2in to 3in: Good 250 to 264 Average 240 to 249 Pieces Crossbred 44 48s: Good 200 to 220 Average 185 to 199 Poor 170 to 184