Buoyant wool sale

Press, 18 March 1983, Page 3

Buoyant wool sale

PA Napier Competition was the strongest of the season at the Napier wool sale yesterday. Bidding was animated from all facets of the trade, said the official report. Compared with the Invercargill sale last week, the market for fleece, cots, second-shear, and first lambs, wool was up to 5 per cent dearer. Second-shear lambs’ wool was up 12.5 to 15 per cent, and clothing oddments were up to 10 per cent dearer. The Wool Board bid on only 1 per cent of the 31,000bale offering and did not buy any wool. The full fleece was gener-

ally of poorer, style and colour than earlier offerings, showing tenderness, some vegetable matter and yellowing. The catalogue was 18 per cent fleece, 16 per cent early-shorn, 27 per cent autumn second-shear, 29 per cent lambs, and 10 per cent oddments.

The adjusted weighted average sale was 288.40 c a kilogram. Based on this, a Government supplementary payment of li per cent will apply to air woo! sold at the sale and all wool sold privately from midnight on March 16 to midnight on March 17.

The market indicator was 288 c.

Fleece: Good 300 to 325 Average to good 290 to 299 Average 270 to 289 Early-shorn: Good to super - to 317 Good 290 to 305 Average to good 270 to 289 Average V 240 to 269 Autumn secondshear: Good to super 310 to 338 Good 300 to 309 Average to good 285 to 299 First lambs: Good to super 310 to 319 Good 300 to 309 Average to good 285 to 299 Average 270 to 284 Second lambs: Good 250 to 269 Average to good 220 to 249 Average 200 to 219 First pieces: Good 220 to 241* Average to good 205 to 219 Average 195 to 204