Hogget wool in demand

Press, 20 November 1982, Page 3

Hogget wool in demand

PA Napier Fine hogget wool was 2Vz K;r cent dearer at the apier wool sale yesterday, compared with the Napier sale on November 4, according to the official report. Medium and coarser fleece was firm, long second-shear slightly cheaper, and other second-shear wools unchanged. Competition was widespread, and buyers with orders for China and the Middle East dominated the hogget-wool sales. New Zealand carpet mills were active for coarser fleece and second-shear. Well grown, sound wool with yields 3 to 4 per cent lower than last season was a feature of the 30,082-bale offering. A small offering of lambs wool sold well considering its length. The Wool Board bid on 10.3 per cent of the offering and had 1.7 per cent passed to it. The adjusted weighted average sale price was 254.33 c a kilogram. Based on this, a Government supplementary payment of 25.8 per cent wil apply to all wool sold at the sale and all wool sold privately from midnight, November 18 to midniight, November 24. The market indicator was 246 c. The range of prices including Wool Board supplement is — Fine crossbred hogget: Good 295 to 317 Average 285 to 294 'Medium crossbred hogget: Good-super - to 324 Good 290 to 310 Average 280 to 289 Crossbred ewe fleece: Good-super - to 312 Good 28p to 300 • Average ? •2A) ic 284

Early-shorn (75mm125mm):Good 270 to 280 Average 260 to 270 Second-shear (75mm100 mm): Good 255 to 265 Average 245 to 254 Second-shear (50mm75mm): Good 250 to 260 Average 240 to 250 Pippp<s’ Good 212 to 228 Average ' 190 to 211 Lambs: Good 245 to 256