Wool prices barely firm

Press, 11 February 1983, Page 3

Wool prices barely firm

PA Wellington Prices for full-length fleece at the Wellington wool sale yesterday were barely firm compared with prices at last week's Napier sale. Shorn and second-shear wool were in sellers’ favour, as was fine lambs’ wool. Coarse lambs' wool was barely firm. The 26.658-bale offering was 40 per cent lambs’ wool, 27 per cent full-length ewe, 15 per cent early-shorn-and second-shear, 4 per cent cots, and 14 per cent oddments. Yields were higher than for early season’s sales. Yellow stain dust and cotting was evident in many clips. The Wool Board bid on nearly 8 per cent of the offering and had 2 per cent passed to it.

Buying was fairly well spread, Eastern and Western Europe, China, and Japan dominating. The adjusted weighted average sale price was 256.02 c a kilogram. Based on this, a Government supplementary payment of 25 per cent will apply to all wool sold at the sale and all wool sold privately from midnight February 9 to midnight February 10. The market indicator was

236c. Perendale ewe: Good — to 292 Average 260 to 275 Full-length ewe. Good —- to 308 Good-average 280 to 29? Average 265 to 275

Early-shorn ewe. 3in to 5in: Good Good-average Average - to 293 270 to 282 250 to 268 Second-shear ewe. 2in to 3in: Good-average 258 to 273 Average 236 to 251 First lambs. 3in to 4m: Good - to 292 Good-average 266 to 280 Average 253 to 265 First Iambs. 2tn to 3in: Good - to 289 Good-average 264 to 27o Average 251 to 262 Second lambs Good-average 202 to 223 Average 187 to 198 First pieces Good-average 210 to 222 ' verag' 190 to 203