Dunedin wool slips

Press, 23 February 1985, Page 3

Dunedin wool slips

PA Dunedin Prices eased for most classes of wool at the Dunedin sale yesterday. Many slips showed substantial yellowing. The chairman of the Council of Wool Exporters, Mr Mike Moss, said the strength of the United States dollar had caused uncertainty in the market. The Wool Board bid on about 25 per cent of the offering and bought about 12.5 per cent. The official report said that compared with the Christchurch sale on February 14, Halfbred wool was in buyers’ favour, except for Halfbred lambs’ wool which was firm. Compared with the Inver-cargill-Timaru sale on February 15, Crossbred fleece was in the buyers’ favour, cotts back 2.5 per cent, and skirtings back 2.5 to 5 per cent. Second-shear generally was firm, lambs’ wool

slipped 2.5 per cent, and lambs’ pieces fell 7.5 per cent. The main competition came from Eastern and Western Europe, the Far East and New Zealand mills. The adjusted weighted average sale price was 372.33 c a kilogram greasy and 499.50 c clean. It will apply from midnight on February 21 to midnight on February 27. The market indicator was 372 c greasy and 500 c clean. The range of prices (clean) was — Halfbred, 25 micron: Good to 802.

Halfbred, 27 micron: Good to, 664.

Halfbred, 29 micron: Good to 606. Halfbred, 31 micron: Good to 564. Crossbred, 35 micron: Good to 500. Crossbred 37 micron, long: Good to 493. Average to 479. Crossbred, 37 micron, short: Good to 481. Average to 486. Crossbred, 37 micron, soft cott: Good to 456. Average to 444. Crossbred, 37 micron, hard cott: Average to 422. Lambs Halfbred, 26 micron: Good to 605. Average to 600. Crossbred, 29 micron: Good to 578. Average to 574. Crossbred, 31 micron: Good to 558. Average to 540. Pieces Crossbred, 35 micron: Good to 438. Average to 416.