Slow Wanganui wool sale
PA Wanganui The Wanganui wool sale became arduous for auctioneers yesterday as buyers were reluctant to start bidding at a reasonable figure. They mostly started bidding as much as 30c below the auctioneer’s opening figure, then slowly raised the figure in 1c and 2c bids. Several Wanganui brokers described the buyers’ performance as the slowest auction on record. Compared with the Auckland sale last Friday, the market was quoted as fleece unchanged, second-shear up to 2Vz per cent cheaper, and lambs’ wool up to 5 per cent cheaper.
The Wool Board gave support to the better-style and length crossbred fleece. It bid on 17 per cent and bought 5 per centCompetition generally was well spread, Eastern Europe predominating. The offering of 23,483 bales of new season’s wool was 27 per cent full-fleece ewe, 15 per cent hogget fleece, 48 per cent second-shear, 4 per cent new season’s lambs’ wool, plus the usual oddments. The wool was much lower yielding than is normal at this sale. Many lines were spoilt by poor shed preparation and were discounted. A number of lines were tender.The adjusted weighted average sale price was 253 c
a kilogram. Based on this, the Government supplementary payment was 26.4 per cent. The market indicator was 240c.Medium crossbred. 44/48s.
high yielding: Good 274 to 278 Average 265 to 273 Poor 252 to 264 Low yielding: Good 260 to 269 Average 248 to 259 Poor 234 to 247 Fine hogget crossbred (shorn) 50 52s. high yielding: Good 290 to 299 Average 274 to 289 Poor 261 to 273 Low yielding: Good 275 to 282 Average 265 to 274 Poor 250 to 263
Early shorn. 46.50s. high yielding, 3in to 4ih: Good 259 to 269 Average 245 to 258 Poor 232 to 244 Low yielding: Good 244 to 254 Average 231 to 243 Poor 219 to 230 Early shorn. 46 50s. high yielding. 2in to 3ih: Good 242 to 250 Average 229 to 241 Poor 216 to 228 Low yielding: Good 231 to 239 Average 220 to 230 Poor 203 to 219 Lambs Fine crossbred. 50 • 52s: . Good 260 to 265 Average 251 .to 259 Inferior 241 to 250
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Press, 3 December 1982, Page 3
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362Slow Wanganui wool sale Press, 3 December 1982, Page 3
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