Prices steady for Timaru wool

Press, 8 February 1985, Page 12

Prices steady for Timaru wool

Keen demand from Eastern and Western Europe, supported by the Far East, kept wool prices steady at a sale of Timaru and Dunedin wool in Christchurch yesterday. The adjusted weighted average sale price was 380.74 c and the market indicator was 381 c greasy and 511 c clean, only 2c a kilogram below what they were at last week’s big Christchurch sale. Demand was widespread and keen and the good lambs’ wool offering met a ready sale. Although the market over all was steady, individual descriptions varied considerably, from nearly 6 per cent down to 2.5 per cent up among the Halfbred and Corriedale fleece types (see official report). The interest of buyers was also quickened by the presence at the sale of a three-man mission from the China National Native Produce and Animal Byproducts Import and Export Corporation, which is being hosted on a four-day visit to New Zealand by Mair and Company. The corporation with the long name is a regular buyer of New Zealand wool for its hand-knotted carpet manufacture. In New Zealand the delegation will inspect scouring and spinning facilities as well as look at the auction system. The delegation is one of two from China in New Zealand at present, and a third might also

appear. The second is an assessment team from the Chinese Ministiy of Textiles, hosted by the Wool Board, and the third is reported to be in Australia but undecided whether to come across the Tasman Sea. The following is the list of leading prices in greasy terms, with the yield in brackets. At the top of the sale were several lots from Birchwood Run, Ltd (Omarama). Four bales of super fine Merino hogget sold for 1560 c (71.8); 19 bales of fine woolly hogget sold for 1235 c (69.4), six bales of fine fleece sold for 1160 (73.2) and two bales of extra fine sold for 1080 c (73.8). Dry Creek station (Fairlie) sold two bales of fine Merino fleece for 1060 c (65.2) and three bales of medium for 820 c (65.8). Among the Halfbred lots, Pentland Hills station (Waihaorunga) sold four bales of fine fleece for 540 c (70.3); five bales of fine fleece for 520 c (69.1) and four bales of medium for 549 c (70.5) T. J. Nelson (Cave) sold five bales of fine fleece for 536 c (71.5); Thanet Farm, Ltd (Ikawaij sold 12 bales of fine for 526 c (68.8) and eight bales of medium for 535 c (70.2). A. G. and K. Wood (Albury) sold five bales of fine for 500 c (67.6). M. R. Miller (Hinds) sold five bales of Corriedale shorn hogget wool for 518 c (69.4). H. D. and G. D. Haslett

(Ashburton) sold 13 bales of Border-Corriedale cross shorn hogget wool for 437 c (75.9). R? M. McClelland (Rangitata) sold five bales of fine crossbred for 431 c (79.3); H. T. Scobie and Son (Peel Forest) sold 13 bales of fine crossbred shorn hogget for 429 c (82.8); R. J. and E. A. Quigley (Mayfield) sold five bales of Romney shorn hogget for 425 c (80); M. D. and dTI. Langston (Hunter) sold nine bales of fine crossbred shorn hogget for 424 c (81.7) D. C. Stocker (Westerfield) sold eight bales of the same description for 415 c (77.2) and E. S. Harper (Geraldine) sold nine bales of crossbred shorn hogget for 414 c (73.3). W. H. Warner (Geraldine) sold 10 bales of Coopworth shorn hogget wool for 409 c (84.5) and N. J. Early (Ashburton) sold eight bales of fourtooth Coopworth wool for 403 c (84.2). For Perendale wool, H. B. Styles and Co (Levels Valley) sold five bales of shorn hogget for 435 c (75.7); Willara Farm Ltd (Taiko) sold eight bales of second-shear for 430 c (84.6) and the Belmont Partnership (Cave) sold 10 bales of Perendale cross for 429 c (75.2) as well as 38 bales for 404 c (761). Top of the lambs’ wool for the sale was 33 bales of Romney wool from Orari Gorge station (Geraldine) which made 496 c (83.7). N. A. Walker (Waimate) sold seven bales of crossbred lambs’ wool for 485 c (82.1). C. G. and B. A. Clelland (Hazelburn) sold eight bales of Perendale for 484 c (80.7); A. R. and J. H. Chisholm (Geraldine) sold eight bales of Perendale for 487 c (82); Kakahu Farm, Ltd (Geraldine) sold 18 bales of Coopworth for 486 c (83.1); A. G. Hendriksen (Totara Valley) sold 13 bales of Perendale for 487 c (81.6); R. H. Horsman (Geraldine) sold eight bales of Coopworth for 483 c (84.6); Hayter and Company (Rollesby Valley) sold 17 bales of Romney for 483 c (80.7) and seven bales for 479 c (81.7). K. S. Nattras (Geraldine) sold nine bales of Romney for 480 c (81.6); N. J. and R. A. Risk (Hazelburn) sold seven bales of Perendale for 480 c (80.2); Airdrie Farms, Ltd (Pleasant Point) sold six bales of crossbred for 479 c (82.9); B. G. Butler (Hook) sold six bales of Down-cross wool for 479 c (80.7) B. R. Petrie (Ashburton) sold nine bales of crossbred lambs’ wool for 482 c (82.1) and N. J. Early (Ashburton) sold 10 bales of Coopworth lambs' wool for 473 c (83.3).