Second-shear prices up

Press, 9 March 1984, Page 3

Second-shear prices up

PA Auckland The market for secondshear wool was in sellers’ favour at yesterday’s Auckland sale, compared with the Christchurch sale last Friday, according to the official report. Short oddments were 2.5 per cent to 5 per cent dearer, first lambs’ wool generally in buyers’ favour, and fleece to 2.5 per cent cheaper, the report said. Main buyers were the Continent, New Zealand merchant scourers, Japan, and the Far East. The 17,414 bales of new season’s wool was offered to a full and representative bench of buyers. The Wool Board offered 2992 bales of its stock.

Growers’ wool was 37 per cent second-shear, 19 per cent fleece, 30 per cent lambs’ wool, 10 per cent clothing oddments, and the rest miscellaneous.

The adjusted weighted average sale was 303.04 c a kilogram. Based on this, a Government supplementary payment of 5.6 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on

March 7 to midnight on March 8. The market indicator was 303 c.

Official range of prices: Crossbred fleece, 44/48s and 46/ 50s:

Good 320 to 336 Good to average 303 to 319 Average 286 to 302 Poor to average 269 to 285 Crossbred secondshear (long) 44/48s and 46/ 50s: Good 322 to 336 Good to average 307 to 321 Average 292 to 306 Crossbred second-. shear, 44/48s and 46/50s: Good 309 to 321 Good to average 296 to 308 Average 283 to 295 Poor to average 270 to 282 Crossbred first lambs, 50s and 50/56s: Good to super 352 to 365 Good to average 338 to 351 Average 324 to 337 Poor-average. 310 to 323 Crossbred second Iambs, 50/56s: Average 269 to 282 Poor to average 253 to 268 Crossbred secondshear bellies and pieces, 46/ 50s: Average 224 to 236 Poor-average 211 to 223 Poor 198 to 210