Wool down at Invercargill

Press, 22 October 1983, Page 3

Wool down at Invercargill

PA Invercargill Compared with the Napier sale earlier in the month, the market was down for all types at the Invercargill wool sale yesterday, according to the official report. Crossbred fleece sold in buyers’ favour and skirtings were to 2.5 per cent cheaper. Crossbred oddments were 2.5 to 5 per cent down.

The offering was 17,946 bales of new season’s wool and 6800 bales from the Wool Board. The fleece wools opened up showing good average colour, but many lots had a dustymuddy contamination because of the wet winter.

The offering was fleece, 44 per cent, second-shear 5 per cent, crutchings 22 per cent, oddments 12 per cent, and skirtings 4 per cent. The main competition was from Eastern and Western Europe and Japan. The Wool Board was not required to support the market.

The adjusted weighted average sale price was 296.75 c a kilogram. Based on this, a Government supplementary payment of 7.8 per cent will apply to all wool sold at the sale and all wool sold privately from midnight, October 20 to midnight, October 26. The market indicator was 297 c.

Official range of prices: Coarse crossbred

44/48s, higher yielding: Good 340 to 350 Average 320 to 335 Coarse crossbred 44/48s and coarser, lower yielding: &'

Good 320 to 330 Average 300 to 319 Woolly hogget Ex fine crossbred 52s and 52/54s: Good — to 365 Average 335 to 350 Fine crossbred 50s and 50/52s, medium 48s and 48/50s: Good 340 to 355 Average 315 to 339 Shorn hogget Fine crossbred 48/ 50s, higher yielding: Good 325 to 340 Average 310 to 324 Fine crossbred 48/ 50s, lower yielding: Good 300 to 320 Average 280 to 299 Second-shear Crossbred, 3in to 4in, 44/48s: Good — to 335 Average 300 to 310 Pieces Crossbred, 44/48s: Good 240 to 260 Average 215 to 230 Poor 180 to 200 First crutchings, crossbred, 44/ 48s: Good-super — to 300 Good-average 170 to 220 Poor-muddy 100 to 130