Record 1190c for Merino

Press, 26 November 1982, Page 3

Record 1190c for Merino

PA Dunedin Records fell at the Dunedin wool sale yesterday when prices for super-fine Merino hogget wool soared to 1190 c a kilogram. About 55 per cent of the offering was fine wool. Only a small quantity of superfine hogget was available and buyers sought it eagerly.

The Christchurch record greasy wool price was passed within an hour of the sale’s opening, and by the afternoon the record stood at 1190 c for a bale of super-fine Merjno hogget fleece. It was sold in the Wrightson N.M.A. catalogue for Kane and Sullivan of Little Valley, near Alexandra.

Another good price from the same catalogue was 1000 c a kilogram for a bale

of similar super-fine Merino hogget, from the account of A. C. Sanders and Sons, Matangi station also near Alexandra. The buyer of these lots and several other superfine offerings was Mr Jim Gillies a buyer for G. Modiano.

About 6000 bales of Merino were on offer and, compared with the last fine-wool sale at Christchurch, on November 5, prices were generally firm to 7.5 per cent dearer.

During the .day several sales were made above the Christchurch record of 647 c.

The official report also said that although extra-fine Halfbred was in buyers’ favour all other Halfbred fleece, and skirtings, were firm to 2.5 per cent dearer. Compared with the Napier

sale on November 19,. fine crossbred fleece was barely steady, and medium and strong, fleece firm. Crossbred skirtings and oddments were in sellers’ favour.

The main competition came from Western Europe, supported by the Far East, Eastern Europe, and New Zealand mills. The Wool Board bid on about 19 per cent of the offering and bought 4 per cent.

The hill-country fine wools were superbly presented and reflected a good winter. The adjusted weighted average sale price was 257.96 c a kilogram. Based on this, a Government supplementary payment of 24.190 per cent will apply to all wool sold at the sale and all •wool sold privately from midnight November 24. to midnight November 25. The market indicator was 249 c.

Super fine Merino • hogget, 74/80s: super 1000 to 1190 good to super ■ 550 to 673 Extra fine. Merino hogget, 70/74s: good to super 554 to 630 good 510 to' 550 Extra fine Merino. 70/74s: good to super 541 to 651 good 492 to 540 Fine merino. 64/70s: good to super 520 to 597 good 477 to 518 good to average 434 to 467 Medium Merino, 60s and 60/64s:. good to super 462 to 477 good 407 to 460 good to average 378 to 395 Extra-fine Halfbred. . 58 60s:

good 342 to 388 good to average 316 to 340 Fine Halfbred, 56/ 58s: good to super 341 to 358 good. 295 to 340 Medium Halfbred, 54/56s: good to. super 317 to 339 good 296 to 315 good to average 273 to 290 Strong Halfbred, 52/ 54s: good to super 313 to 339 Medium crossbred. 46/50s: good 297 to 310 good to average 268 to 302 Strong crossbred. 44/ 46s: good 287 to 302 good to average 268 to 285 Hogget Super-fine Halfbred, - 60s and finer: super 497 to 515 good to super/u430 to 484 good 378 to 418 Fine Halfbred 56/58s: good to super 356 to 372 good 309 to 346 good to average 269 to 294 Extra-fine crossbred hogget, 50/52s. and 52s: good ’ 298 to 317 Shorn hogget Fine crossbred. 48/ 50s and 50s: . good 287 to 303 'good to average 266 to 285 Medium crossbred. 46/50s: good to super 293 to 312 good 278 to 290 good to average 260 to 273. Pieces Merino. 60/64s: ■ good 409 to 465 average 349 to 381 Fine Halfbred. 56 58s: good 293 to 348 average - .-240 to 275 Medium crossbred. 46-50s: average to good 207 to 243