Wool firms slightly
PA Wellington Prices firmed slightly at the Wellington wool sale yesterday. There was a temporary pause in trading at the announcement that foreign trading had been suspended, but buyers decided to carry on. The Wool Board’s commercial manager, Mr Pat Patterson, said that the announcement had had no impact on prices. On offer were 13,629 bales of greasy wool and, by separation, 10,079 bales from Auckland and 6923 bales from Napier. The Wellington offering was drawn from the Wairarapa, Manawatu, Rangitikei, Marlborough, and Wellington districts, and was made up of 48 per cent full ewe fleece, 37 per cent shorter early-shorn, 5 per cent hogget fleece, 6 per cent lambs’ wool, and 4 per cent oddments.
The official report said that the lush feed had marred a lot of slips through a high proportion of pen stain, and tenderness was evident in a lot of lines. Compared with Wednesday’s Christchurch sale, the market for Wellington wools was in sellers’ favour for full fleece, early-shorn and lambs’ wool, with skirtings unchanged, and clothing oddments, locks, and short pieces up to 10 per cent cheaper, the report said. Eastern Europe dominated the bidding, with support from New Zealand carpet mills and limited support from China. The Wool Board bid on 0.1 per cent of the offering (18 bales) and bought 10 bales. At the Christchurch sale the board bid on 0.9 per cent of the offering (200 bales) and bought 0.1 per cent (32 bales). Official range of prices:
Hogget, 48/50s: Good Good average Average 335 to 344 310 to 333 288 to 309 Full-length ewe Good to 340 Good average 290 to 310 Average 268 to 288 Early-shorn ewe, ’3in to 5in Good to 320 Good average 286 to 295 Average 270 to 285 Early-shorn ewe, 2in to 3in Good to 303 Good average 275 to 289 Average 264 to 273 First lambs Good average 304 to 316 Average 298 to 300 Second lambs Average 235 to 244 Necks Average 296 to 310 Pieces Good average 235 to 265 Average 209 to 230 Bellies Good average 179 to 188 Average 162 to 176 Locks and second pieces Average 129 to 148
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Press, 10 December 1983, Page 3
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363Wool firms slightly Press, 10 December 1983, Page 3
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