Official report, prices

Press, 14 April 1984, Page 6

Official report, prices

Some Halfbred fleece wool prices increased up to 10 per cent at the Christchurch wool sale yesterday. The market over-all was firm, only crossbred cotts, poorer style second-shear, and crossbred lambs’ wool losing ground on the prices at Napier on Thursday. Competition was well spread with a good bidding tone, according to the official report issued by the Christchurch Woolbrokers’ Association in conjunction with the Wool Board and the Council of Wool Exporters. Compared with the Dunedin sale on April 5, prices at Christchurch for extra fine and fine Halfbred fleece were firm, medium and strong descriptions were 7.5 to 10 per cent dearer, and Halfbred skirtings were firm. Compared with the Napier sale held on April 12, crossbred fleece was in sellers’ favour, cotts 2.5 per cent cheaper, better style second-shear at par to 2.5 per cent dearer, poorer style 2.5 to 5 per cent cheaper, crossbred lambs par to 2.5 per cent cheaper, skirtings firm and oddments 2.5 to 7.5 per cent dearer. The Wool Board gave minimal support to the market by bidding on about 1.5 per cent of the offering and having a few bales sold or passed to it. The offering was 27,599 bales from all Canterbury districts, the Chatham Islands, the West Coast, and Nelson. The end of season fleece wools were mostly cotted and discoloured and even some of the early shorn wool showed discoloration because of the weather over the last month. Lambs and second-shear wool made up the bulk of the offering and these were, of all qualities, length and colour, according to the official report. Good style and well-picked lots received the price premium they deserved. Principal buyers were the Far East, New Zealand mills, Eastern and Western Europe. Prompt date for the sale is May l - The following official range of prices was compiled by the Christchurch Woolbrokers’ Association. Extra Fine Merino, 70s: Good to Super 690 to 700 Good 600 to 640 Fine Merino, 64/ 70s: Good 575 to 601 Medium Merino 60/64; 645: - . . • Good„ llr ...* . 517 to 558 Average 480 to 5M Extra fine Halfbred and Corriedale, 60s and finer: Good 442 to 466 Extra fine Halfbred and Corriedale, 58, 58/60s: Good 410 to 437 Average 370 to 405 Fine Halfbred and Corriedale, 56/ 58s: Good to Super 393 to 412

Good 354 to 392 Average 328 to 353 Medium Halfbred and Corriedale, 54/565: Good to Super 372 to 394 Good 330 to 366 Average 309 to 328 Strong Halfbred and Corriedale, 50/545: Good 328 to 350 Average 297 to 327 Fine crossbred, 50/ 525: Good to Super — to 379 Good 314 to 356 Average 281 to 310 Medium crossbred, 46/50s: Good to Super 346 to 355 Good 316 to 335 Average 293 to 315 Poor 270 to 292 Strong crossbred, 44>A8s: Good 320 to 346 Average 302 to 319 Poor 270 to 300 Lustre crossbred: Good 438 to 461 Shorn hogget Fine Halfbred and Corriedale, 60s and finer: Good 471 to 485 Fine Halfbred and Corriedale, 58s, 58/60s: Good 408 to 442 Medium Halfbred and Corriedale, 52/545: Average to good 327 to 353 Fine crossbred, 48/ 50s* Good 330 to 360 Average 290 to 325 Second shear Fine Halfbred and Corriedale, 58s: Good - to 345 Medium Halfbred and Corriedale, 54/565: Good 293 to 327 Average 279 to 292 Strong crossbred 44/48s, 3in to sin: Good to Super 359 to 387

Good 320 to 344 Average 290 to 318 Strong crossbred, 44%85, 2in to 3in: Good to Super 331 to 349 Good 314 to 329 Average 286 to 311 Necks Fine Halfbred, 58s and 58/60s: Good 384 to 420 Average 340 to 349 Fine crossbred, 48/ 50s: Average to Good 294 to 330 Pieces Merino, 60/645: Average to Good 390 to 435 Fine Halfbred, 58s: Average to Good 287 to 322 Halfbred, 56/58s: Average to Good 269 to 301 Inferior 250 to 261 Medium crossbred, 46/50s: Average to Good 242 to 275 Inferior 220 to 241 Rpllipx: Fine Halfbred, 56/ 58, 58s: Average to Good 224 to 255 Halfbred, 52/545: Average to Good 214 to 245 Medium crossbred, 46/50s: Average to Good 220 to 244 Lambs Fine Halfbred, 58s: Good 337 to 369 Fine Halfbred, 56/ 58s: Good to super 351 to 370 Good 331 to 350 Average 300 to 321 Halfbred, 54/565: Good to Super — to 357 Extra fine crossbred, 52/545: Good to Super 364 to 384 Good 342 to 363 Average 329 to 341 Fine crossbred, 48/ 50s: Good to super 355 to 362 Good 333 to 353 Average 312 to 336 Locks Halfbred: Average to good 184 to 214 Crossbred: Average to good 195 to 217