Official report, prices

Press, 1 October 1983, Page 13

Official report, prices

Crossbred fleece wool prices improved during the combined Christchurch and Tirgaru wool sale yesterday, according to the two official reports.

The sale was also the second day of this week’s two-day Christchurch sale.

According to the official Christchurch report, issued by the Christchurch Woolbrokers’ Association in conjunction with the Wool Board and the Council of Wool Exporters, wool offered was similar to that on the first day, Wednesday. The Christchurch offering was 11,970 bales of growers’ wool and 984 bales from the Wool Board stocks.

Competition was quite strong and well spread. Principal buyers were Eastern Europe and Japan, supported by Western Europe ana New Zealand mills.

Compared with the Christchurch sale on September 28 the market for Merino and extra fine Halfbred was in sellers’ favour; for fine to strong Halfbred very firm and for extra strong unchanged. Skirtings were irregular but generally unchanged, and oddments 2.5 per cent dearer. Crossbred fleece types were firm and shorn hogget and second-shear also were firm. Skirtings were par to 2.5 per cent cheaper, and oddments 2.5 to 5 per cent cheaper. According to the official report for the Timaru section, issued by the South Canterbury Woolbrokers’ Association, the offering consisted of 8593 bales of main line wool and wool classed under the growers’ own brands. A portion of the bin wool has been held over for the sale on October 28.

The offering was drawn from North Otago, the Mackenzie Country and Mid and South Canterbury and consisted of Merino (3 per cent) Corriedale and Halfbred (29 per cent) crossbred (23 per cent) shorn and woolly hoggets (19.7 per cent) oddments (19.5 per cent) and miscellaneous the balance.

The Merino wool from the Hakataramea Valley, Alexandra, Tarras and the Mackenzie Country had good length but x were very moity. The Halfbred and Corriedale wools from Mid-Canterbury and North Otago were of good length, good colour and some very high yielding. The crossbreds from the coastal areas were good length, good colour and also high yielding. Over all there was a high percentage of good washing fleece wools. Some lots of woolly hogget were of good length and well grown, but the shorn hoggets in some cases contained a variation in length, although there were some high yielding types. Oddments over all were generally well prepared. Quotations for the Timaru section were mainly the same as for the Christchurch section, the exceptions being crossbred fleece in sellers’ favour, skirtings in buyers’ favour, and crutchings unchanged. The Wool Board was not

required to support -the market and made a' near-total clearance of its own offering. Prompt date is October 18. The following is the official range of prices issued by the Christchurch and the South Canterbury Woolbrokers’ Associations.

The Christchurch official range of prices included.— Extra fine Merino, 70s and finer: Good to Super 641 to 657 Good 568 to 610 Fine Merino, 64/70s: Good to Super 551 to 580 Good 511 to 526 Medium Merino, 60/64S, 64s: Good to Super 500 to 534 Good 460 to 498 Extra fine Halfbred and Corriedale, 60s and Finer: Good to Super 489 to 527 Good 452 to 483 Extra Fine Halfbred and Corriedale, 58s, 58/60s: Good to Super 435 to 480 Good 384 to 432 Average 346 to 382 Fine Halfbred and Corriedale, 56/58s: Good to Super 386 to 411 Good 346 to 383 Average 323 to 349 Medium Halfbred and Corriedale, 54/56s: Good to Super 352 to 362 Good 323 to 348 Average 307 to 322 Strong Halfbred and Corriedale, 50/54s: Good to Super 349 to 358 Good 318 to 348 Average 296 to 319 Fine Crossbred, 50/52s: Good to Super 371 to 382 Good 340 to 368 Average 322 to 334 Medium Crossbred, 46/50s: Good to Super 362 to 384 Good 334 to 361 Average 313 to 333 Strong Crossbred, 44/48s: Good to Super 371 to 385 Good 340 to 366 Shorn Hogg ;et Fine Halfbred ana Corriedale, 58/60s: Good to Super - to 490 Good 393 to 427 Medium Halfbred and Corriedale, 56/58s: Good 330 to 375 Fine Crossbred, 48/50s: Good to Super 360 to 393 Good 328 to 357 Average 300 to 327 Second-shear Strong crossbred, 44/48s, 3in to 5in: Good to Super 371 to 381 Good 334 to 358 Average 321 to 329 Strong Crossbred, 44/48s, 2in to 3in: Good to Super 350 to 356 Good 320 to 348

Average Necks 314 to 323 Extra fine Halfbred, 58/60s: Good - to 492 Halfbred, 52%6s: Good 354 to 383 Average 328 to 346 Fine Crossbred, 48/50s: Average to Good 336 to 357 Pieces Merino, 60/64s: Average to Good Halfbred, 52/56s: 381 to 404 Good 279 to 297 Average 264 to 270 Medium Crossbred, 46/50s: Average , to Good 285 to 321 Bellies Fine Halfbred, 56/58s, 58s: Good 310 to 361 Average to Good 262 to 292 Medium Crossbred, 46/50s: Good 269 to 293 Average 233 to 267 Crutchings Halfbred, 50/56s, 56/58s: Good 205 to 228 Average 166 to 190 Crossbred, 44/50s: Good to Super 295 to 314 Good 260 to 288 Average 231 to 259 Locks Halfbred: Average to Good 150 to 162 Crossbred: Average to Good 177 to 207 The Timaru official price range included — Extra Fine Crossbred, 50/52S, 52s: Good to Super 355 to 363

Good Average 340 to 362 312 to 333 Fine Crossbred, • 48/50s and 50s: Good to Super 365 to 388 Good 324 to 347 Average 319 to 323 Medium Crossbred, 44/48s: Good to Super 358 to 370 Good 323 to 357 Average 317 to 322 Woolly hogget Extra Fine Crossbreds, 52s and 50/52s: Super 345 to 355 Good 240 to 263 Average 212 to 223 Medium Crossbred, 48s and 48/50s: Good to Super 361 to 368 Average 325 to 337 Shorn hogg Medium Halfbrea et and Corriedale: Good to Super 330 to 362 Extra Fine Crossbred, 52s, §P/52s: Good to Super 330 to 362 Second-shear Crossbred, 46/50s, 3in to 4in: Good 335 to 340 Crossbred, 44/48s, 2in to 3in: Good 335 to 343