Invercargill wool eases

Press, 19 April 1984, Page 3

Invercargill wool eases

PA Invercargill The effect of recent wet weather was clearly evident in the wools offered at yesterday’s Invercargill sale. The dominant feature was the severe yellowing of all wools. Brokers considered the problem to be the worst for some years. Unfortunately, the condition overshadowed the high yields and good lengths of both the fleece and secondshear wools. Any lines that showed good colour’ attracted a premium. The catalogues contained 26,098 bales comprising 29 per cent fleece, 32 per cent second-shear, 16 per cent lambs’ wool, 5 per cent second lambs’ wool, 15 per cent oddments, and 3 per cent other types. Early in the sale, values for second-shear wools were up to 5 per cent cheaper than at Tuesday’s Auckland sale, and second lambs’ wool was quoted up to 7.5 per cent cheaper. However, the sale improved on later lots. Based on similar wools sold in Auckland, crossbred fleece and second-shear were in buyers’ favour, crossbred skirtings remained firm, andjt crossbred oddments were in buyers’ favour, ac-

cording to the official report. Main competition came, from East and West Europe, with support from the Far East and New Zealand mills. The Wool Board was required to give moderate support, bidding on 10.7 per cent of the offering and having 821 bales, or 3.1 per cent, passed to it. The adjusted weighted average sale price was 287.87 c a kilogram. Based on this, a Government supplementary payment of 11.2 per cent will apply to all wool sold at the sale and all wool sold privately from midnight on April 17 to midnight on May 2. The market indicator was 288 c. Official range of prices: Crossbred, 37 microns and courser Good to 318 Average 290 to 310 Soft cotts: Good to 285 Average 260 to 270 Hard cotts: Good 250 to 265 Average 260 to 270 Hard cotts: Good 250 to 265 Average 235 to 245 Second shear, .crossbred, 37 microns and courser, %in: Superior — to 342 Good 31Oto 325 Average 29® to 309 Average/yellow 270 to 289

First lambs, crossbred, 30-31 microns: Good 331 to 345 Average 320 to 330 Lambs, 32/33 microns: Good — to 349 Average 315 to 325 Necks, crossbred: Good 300 to 315 Pieces, crossbred: 33 microns and courser: Good 215 to 230 Average/yellow 200 to 214 Second-shear bellies and pieces, crossbred, 35 microns and courser Good to average 210 to 225 Poor to average 185 to 209