Dunedin wool eases

Press, 26 May 1984, Page 3

Dunedin wool eases

PA Dunedin The market was slightly easier for most lines at yesterday’s Dunedin wool sale, the last for the 1983-84 season. Most of the crossbred fleece, which made up 28 per cent of the offering, was characterised by discolouration, tenderness of the staple, and cotting. The top price for the sale was a binned line of Merino, which made 794 c a kilogram. Compared with the last fine wool sale in Christchurch on May 11, fine wools were generally unchanged. Compared with the last strong wool sale at Napier on May 24, the market for crossbred fleece was to 2.5 per cent cheaper, crossbred second-shear was down 2.5 per cent, short crossbred oddments improved up to 2.5 per cent; fine crossbred lambs’ wool lifted 3.5 per cent, while medium lambs’ wool was generally unchanged. The Wool Board gave limited support to the market by bidding on 14.2 per cent of the catalogue, and buying about 535 bales, 2.4 per cent of the offering. The main competition came from the Continent, Eastern Europe, and New Zealand mills. Prices for Southland wools at the sale eased. The Invercargill catalogue was made up of 24 per cent ewe fleece, 35 per cent secondshear, 15 per cent lambs’ wool, 4.7 per cent cots, and 20 per cent oddments. The adjusted weighted average sale price was 293.78 c a kilogram. Based on this, a Government supplementary payment of 8.9

per cent will apply to all wool sold at the sale and all wool sold privately from midnight, May 24, until midnight, June 7. The market indicator was 294 c. Merino, 70s: Good to super 690 to 794 Merino, 64/70s: Good — to 644 Merino, 60/645: Good to super 501 to 576 Average to good 435 to 470 Extra fine Halfbred, 58/60s: Good to super 420 to 481 Average 349 to 380 Strong Halfbred, 52/545: Average to good 290 to 332 Fine crossbred, 48/ 50s: Good to super — to 364 Average to good 291 to 322 Poor to average 218 to 288 Medium crossbred, 46/50s: Good — to 345 Average 262 to 306 Strong crossbred, 44/48s: Super (lustre) 370 to 421 Good 315 to 349 Average 281 to 315 SECOND-SHEAR Medium crossbred, 46/50s, 3in to 4in: Average to good 290 to 326 Medium crossbred, 46/50s, 2in to 3in: Average to good 280 to 321 Strong crossbred, 44/48S, 3in to 4in: Good 333 to 345 Average to good 318 to 332 Average 298 to 317 Strong crossbred, 44/48s, 2in to 3in: Good 308 to 338 Average 295 to 395 LAMBS’ WOOL Halfbred, 54/58s: Average to good 326 to 362 Extra fine Halfbred, 50/525: Average to good 321 to 359 Fine crossbred, 48/ 50s:

Good 352 to 367 Average 325 to 349 Crossbred, 46/48s: Good — to 361 Average 320 to 340 Average to poor 290 to 315