Napier wool eases

Press, 14 December 1983, Page 3

Napier wool eases

PA Napier Wool was slightly in buyers’ favour at the first day of the two-day Napier wool sale yesterday, according to the official report. The market was quoted as being animated with competition widely spread. The main competition, however, came from Eastern Europe, and the Continent, supported by New Zealandcarpet mills, with limited support from China. Although the market was said to be slightly in buyers’ favour generally, secondshear lambs’ wool was quoted as being 2 per cent dearer. The offering was 25,607 bales of greasy wool and 2003 of scoured wool. Only two brokers sold yesterday, the remaining two catalogues of 25,650 bales will be sold tomorrow. Sixty per cent was full fleece, 15 per cent was early-shear and secondshear, about 7 'per cent lambs’ wool, and 5 per cent hogget fleece. The Wool Board did not bid. The adjusted weighted average sale price was 281.38 c a kilogram. Based on this, a Government supplementary payment of 13.7 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on Monday to midnight last night. The market was 380.

Official range of prices:— Halfbred fleece, extra fine, 2324 microns: Good — to 404 Fine, 26-28 microns: Good 370 to 384 Good-average 352 to 369 Medium, 29-30 microns: Good 320 to 325 Good-average 308 to 319 Hogget fleece, fine, 32-33 microns: Good 338 to 357 Good-average 331 to 337 Average 299 to 310 Medium, 34-35 microns: Good — to 301 Good-average 290 to 297 Average 271 to 289 Ewe fleece, sound, fine, 33-34 microns: Good — to 310 Good-average 276 to 290 Part tender Good 280 to 293 Good-average 275 to 279 Sound, medium, 35 microns, high yielding: Good 297 to 302 Low yielding: Good 276 to 282 Sound, strong, 37 microns, high yielding: Good 304 to 309 Low yielding: Good 270 to 294 Good-average 281 to 290 Tender, 35-37 microns, high yielding: Good 306 to 328 Low yielding: Good 270 to 287 Second-shear, long, 75 to 100 mm, 35-37 microns: Jk Good 20 to 307

Good-average 267 to 280 Average 250 to 259 Short 50-75 mm, 3537 microns: Good 283 to 287 ■ Good-average 260 to 275 Lambs’ wool: Good-super 300 to 317 Average-good 280 to 287