Wool prices better

Press, 19 February 1983, Page 3

Wool prices better

FA Invercargill Wool prices mostly were fully firm at the Invercargill sale yesterday, compared with the Wanganui sale on Thursday.

Crossbred skirtings and oddments sold on par to 5 per cent dearer than at Wanganui. Crossbred first lambs wool was firm, but second lambs’ was 2.5 to five per cent cheaper. The main competition came from Eastern and Western Europe, supported by Japan and New Zealand mills. The Wool Board bid on 8 per cent of the offering and had 1.5 per cent, or 356 bales, passed to it. The 25,233-bale offering

was. au.99 per cent crossbred fleece, 1.2 per cent secondshear. 4.15 per cent crossbred shorn hogget'. 0.73 per cent woolly hogget, 9.12 per cent crossbred lambs’ fleece. 5.22 per cent second lambs, 1.13 per cent crutchings, and 27.46 per cent oddments. The ewe fleece opened up showed reasonable colour for this time of year, considering the high recent rainfall in Southland. Tenderness showed and most lines had cotting. The adjusted weighted average sale price was 256.26 c a kilogram. Based on this, a Government supplementary payment of 24.9 per cent will apply to all wool sold at the sale and all wool sold privately from midnight

on February 17 to midnight on February 23. The market indicator was 242 c. Crossbred. higher yellow. 44 48s: Good - to 310 Average 280 to 290 Lower yellow. 44 48s and coarser: Good — to 288 Average 265 to 275 First lambs. 48 50s and 50s: Good 270 to 286 Average 258 to 269 Second lambs, crossbred: Good-Average 200 to 209 Poor-Average 186 to 199 First pieces, crossbred. 44 48s: Good 209 to 223 Average 195 to 208