Wool up at Dunedin
PA Dunedin Bidding was keen at yesterday’s Dunedin wool sale, especially for better secondshear and lambs’ wool, and prices were up 7 per cent on the last sale at Napier. In spite of this lift, the prices are still about the same as those ruling at the last Dunedin sale. Recent sales since then had seen prices fall and yesterday’s sale could be the indication of a firming market. The official report said that compared with the Christchurch fine-wool sale on April 16, Merino and Halfbred fleece were unchanged. Compared with the Napier sale on April 23, crossbred fleece was inclined in sellers’ favour, with skirtings- and second-shear up to 5 per cent dearer.
Crossbred first and second lambs’ wool was also up to 5 per cent dearer with oddments to 10 per cent dearer.' The Wool Board bid on 5.4 per cent of the offering and bought 304 bales (1.6 per cent).
The main competition came from Eastern Europe and New Zealand mills, supported by the Far East. The offering was dominated by crossbred second-
shear and lambs’ wool, which made up about 60 per cent of the offering of 19,500 bales. The adjusted weighted average sale price was 259.69 c a kilogram, according to the Wool Board. Based on this, a Government supplementary payment of 23.2 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on Wednesday to midnight last night. The market indicator was 251 c.
Official range of prices: Fine Halfbred, 58' 60s: Good 352 to 372 Average 258 to 289 Medium fine, 56s and 56»b8s: Good 326 to 344 Average Strong. 54s and 54/ 232 to 262 56s: . Good 316 to 336 Average 226 to 256 Crossbred, extra fine, 50/52s and 52s: Good 289 to 324 Average 249 to 276 Fine. 48/50s.and 50s: Good 277 to 292 Average 256 to 276 Poor 231 to 254 Medium. 46/50s: Good 279 to 299 Average 259 to 278 Poor Coarse, 44,46s and 234 to 256 coarser: Good 281 to 302 Average 256 to 276 Poor 239 to 255
Second-shear Halfbred: Good 270 to 305 Average Crossbred, long. 44/ 237 to 256 46s, 4in to 6in Good to super 299 to 319 Good 276 to 298 Average Crossbred, short. 44/ 246 to 265 48s. 2in to 4in: Good 292 to 315 Average Pieces: 272 to 291 Good to average 210 to 226 Lambs’ wool Halfbred 54/58s: Good 298 to 314 Average Long fine Crossbred. 259 to 275 50/52s: Good to super 299 to 324 Good 272 to 298 Average Short fine Crossbred. 247 to 271 50/52s: Good to super 292 to 315 Good 270 to 291 Average Long Crossbred, 48/ 239 to 268 50s: Good to super 297 to 320 Good 274 to 296 Average Short Crossbred. 48/ 244 to 272 50s: Good 279 to 299 Average Second lambs 259 to 272 Good to average 196 to 233 First crutchings o Crossbred, 44/48s: Good 206 to 221 Average to good 197 to 205 Average to inferior 151 to 196
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Press, 30 April 1982, Page 3
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513Wool up at Dunedin Press, 30 April 1982, Page 3
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