Wool up at Napier

Press, 4 November 1983, Page 3

Wool up at Napier

PA Napier Buyers representing China were active in buying medium to fine hogget wool at yesterday’s Napier wool sale, according to the official report. Competition was generally well spread, however, and there was also a strong demand for coarse ewe and second-shear wool. Fine hogget wool was in sellers’ favour compared with the Christchurch sale of November 2, and coarse ewe wool was to 2% per cent dearer. All other types were in buyers’ favour with oddments being erratic and slightly cheaper than at Christchurch. Wool Board did not bid on any hew season’s

wool and had only a few bales of its stock passed back to it. The offering was 23,371 bales of new season’s wool and about 1000 bales of scoured wool. The adjusted ‘ weighted average sale price was 286.27 c a kilogram, according to the Wool : Board. Based on this, a Government supplementary payment of 11.8 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on November 2 to midnight on November 9. The market indicator was 286 c. Official range of prices: Fine crossbred hogget, 31 and 32 micron:

Good -Sto 338 Average 3i?'to 334 Medium crossbred

hogget, 33 and 34 micron: Good 330 to 342 Average 310 to 325 Crossbred ewe fleece, 35 and 37 micron: Good 342 to 417 Average 316 to 334 Ordinary 296 to 315 Early shorn ewe, 3in to 4in: Good 320 to 329 Average 305 to 318 Ordinary 290 to 304 Second-shear ewe, 2in to 4in: Good - to 341 Average 320 to 330 Ordinary 295 to 318 Crossbred pieces: Average to good 240 to 249 Average 225 to 238 Crossbred bellies: 215 to 230 Average to good Average 195 to 214 Locks and second pieces: Average to good 138 to 144 Average 120 to 137