Invercargill wool eases slightly
PA Invercargill Prices at yesterday’s Invercargill wool sale eased slightly compared with the Dunedin sale of April 29. The official report described the market for crossbred fleece wools as to 2.5 per cent cheaper, crossbred skirtings were quoted as firm, and oddments to 2.5 pe? cent cheaper, with goodstyle second-shear firm, and average-style second-shear in buyers’ favour. Crossbred lambs’ wool was 2.5 per cent dearer.
Most of the 12,545 bales of new-season wool plus 5884 bales offered by the Wool Board was second-shear which showed more seasonal colour than normal because of wet conditions.
The main competition came from Eastern Europe, the Middle East, and China. The Wool Board gave only limited support by bidding on 0.9 per cent and having 0.1 per cent passed to it. The adjusted weighted average sale price /.was
290.94 c a kilogram. Based on this, a Government supplementary payment of 10 per cent will apply to all wool sold at the sale and all wool sold privately from midnight last night to midnight on May 11. The market indicator was 291 c. Official range of prices: Crossbred, coarse, 44/48s and
coarsen Good 325 to 345 Average 305 to 324 Second-shear crossbred, 3in to 4in, 44/48s: Good-super 335 to 356 Average-good 320 to 334 2in to 3in, 44/48s: Good 315 to 325 Average 306 to 314 First lambs, crossbred, 48/50s and 50s, long: Good-super - to 350 Average-good 320 to 330 Shorten Good-super - to 336 Average-good 314 to 323 Pieces, crossbred, 44/48s: Good 235 to 250 Average 210 to 230
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Press, 6 May 1983, Page 3
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258Invercargill wool eases slightly Press, 6 May 1983, Page 3
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