Auckland wool steady

Press, 4 June 1982, Page 3

Auckland wool steady

PA Auckland Prices were mostly steady at the Auckland wool sale yesterday. A catalogue of 20,128 bales was offered, of which 82tper cent was hogget and ewe second-shear, 14 per cent oddments, and the . balance fleece, lambs’ wool, and crutchings. The market, compared with last week’s Invercargill sale,?, was basically . unchanged other than for good average 3in to . 4in secondshear which was in buyers’ favour. ' ' and good-style second-shear which was up to 2 L 2 per cent cheaper. . Features’ of the wool on offer were the lower yields and heavier/fleeces; Colour and style in the main were good. Competition was well spread. New Zealand scour-

ing merchants buying 38 per cent of the offering, and the rest going to Eastern and Western Europe, Japan, and the Far East. The Wool Board bid on 31 per cent of the catalogue and bought 11 per cent. The Wool Board supplementation for the sale averaged 22.3 c a kilogram over and above the saleroom price. The adjusted ' weighted average sale price was 259.83 c a kilogram. Based on this, a Government supplementary payment of 23.2 per cent will apply-to all wool sold at the sale and all woo! sold privately fj-om midnight on Wednesday to midnight on June 10. .. „ . ; The market indicator was 249 c.

Official range of prices: Fine crossbred hogget. secondshear, 48;50s:

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