Napier wool prices up

Press, 21 February 1986, Page 3

Napier wool prices up

PA Napier Fleece prices were up 2.5 per cent at the Napier wool sale yesterday compared with the Christchurch sale on February 14.

The 20,970-bale offering was about half lambs’ wool, plus a limited amount of full fleece and summer-shorn secondshear, and a little autumn second-shear. Late-shorn fleece was cotty and yellow. Lateshorn lambs’ wool also showed yellowness in many lines and had tended to be coarser.

Compared with the Christchurch sale, the market was 3 to 5 per cent in sellers’ favour for fleece; cotts were up 2.5 to 5 per cent; best style and length second-shear was up as much as 5 per cent; and the rest was up 2.5 per cent.

Pieces were down 2.5 per cent and bellies were in sellers’ favour. Second pieces and average locks were in sellers’ favour and poor style up 4 per cent.

Clothing oddments were in sellers’ favour. First lambs’ wool of 28 to 30 micron was in buyers’ favour, and second lambs down 2.5 per cent. The main buyers were Eastern Europe, China, New Zealand merchant scourers and New Zealand carpet mills. The Far East bought lambs’ wool.

The Wool Board bid on 32 per cent of the catalogue and bought or had passed to it 10 per cent, or 2176 bales. The board also supported a moderate portion of the sale through supplementary payments, mainly on lambs’ wool and bulky oddments. The market indicator was 464 c clean and 345 c greasy. Official range of prices.— Crossbred fleece, 35 micron 105 mm to 115 mm: Good 477 to 503, average to good 463 to 476, average 457 to 462. 37 micron, 105 mm to 115 mm: Good 476 to 492, average to good 463 to 475, average 457 to 462. Second-shear fleece, 37 micron, 75/100mm to 75/ 125 mm: Good 470 to 500, average to good 475 to 489, average 452 to 474. 37 micron, 50/75mm to 50/100mm: Good 482 to 495, average to good 465 to 481.

Second-shear bellies and pieces, 35 micron, 50/100mm to 75/100mm: Average-poor 387 to 414, poor 375 to 386. 35 micron, 25/75mm to 50/ 75mm: Average-poor 390 to 405, poor 370 to 389.

Crossbred locks and second pieces, 35 micron, 25/75mm: Average-poor 327 to 333. First lambs, 29 micron, 25/ 75mm to 50/75mm: Good 470 to 480, average 443 to 469, average-poor 436 to 442. 30 micron, 75mm to 50/100mm: Good 455 to 461, average 441 to 458, average-poor 433. to 440. 31 micron, 75mm to 50/ 100 mm: Good 454 to 460, average 441 to 458, averagepoor 423 to 440.