price for Tekapo wool

Press, 21 November 1986, Page 25

price for Tekapo wool

A top price of $20.10 a kilogram was paid for a bale of 18.3 micron superfine Merino two-tooth wool from Mount Gerald Station, Lake Tekapo at yesterday’s auction of Timaru wools in Christchurch.

The price of $26 a kilogram, when converted to a clean basis, was the same as that paid last November by the same buyer from the same vendor. The buyer was Dewavrin Segard (N.Z.), Ltd, on behalf of Fujimoto Apparel Fabrics Company, Ltd, of Osaka, in Japan. The marketing and planning director of the Japanese company, Mr Nagatoshi Fujimoto, explained that he felt the Mount Gerald superfine wools had "too much snow this year.” The fleece lines were a little short and showing the effects of the months blanket of snow which completely covered the station.

Nor had many of the superfine been skirted enough for Mr Fujimoto’s liking, with too much short and stained wool left in the main lines.

Mr John Derbridge, of Dewavrin Segard, explained that the Wool Board advice at present was towards minimal skirtings, but this was downgrading the top fine wool lines to "mixed length” status.

Japanese stocks of superfine wool were now back in balance, said Mr Fujimoto, and demand should be strong at New Zealand and Australian sales.

Fujimoto Apparel Fabrics has specialised in very fine men’s suiting cloth, and promoted the “MG” superfine yarns using photographs of Mount Gerald station. The determination to pay the record price for the season is part of the Fujimoto marketing plan. The sale of Timaru wool yesterday was a good sound one for fine wools, with the 19 micron range increasing 5 per cent in price from the last Christchurch sale, on November 7.

The Wool Board was moderately active among the medium Merino fleece and the Halfbred fleece, bidding on 20 per cent of the offering and having 6.5 per cent sold or passed to it. Most price descriptions were firm on those of recent sales, but the market indicator slipped a few cents to 401 c greasy, a reflection of the slight strengthening of the New Zealand dollar.

The strong Japanese interest in the finer end of the Merino offering made the sale good for many of the big Mackenzie Country stations, with lots that measured 19 micron and finer.

Top greasy prices Among the top greasy prices at auction were (with the yield in brackets): Mt Gerald Station sold one bale of 18.3 micron two-tooth at 2010 c (77.2), one bale of 17.6 micron woolly hogget at 1340 c (76.7), eight bales of 17.5 micron woolly hogget at 1230 c (73.7) and nine bales of 18.9 micron woolly hogget at 1000 c (74.1). For the rest of the Merino, leading prices all descriptions are woolly hogget unless otherwise stated. Omahau Partnership (Twizel) sold three bales of 17.9 micron for 1250 c (71.8), one bale of 18.6 micron for 1200 c (72.9) and three bales of 18.1 micron for 1000 c (71.3). P. A. Innes (Black Forest) sold five bales of 18.2 micron for 1220 c (71.6) and nine bales of 17.7 micron for 1200 c (69.2); A. J. Clayton (Waimate) sold six bales of 17.5 micron for 1150 c (73.0) and three bales of 18.5 micron for 930 c (70.5); A. and D. France (Tekapo) sold 17 bales of 18.4 micron for 1000 c (70.7); Glenmac Station (Oamaru) sold six bales of 18.2 micron for 980 c (73.3); G. D. Seymour (Fairlie) sold four bales of 18.3 micron for 971 c (77.2); Hunter Valley Station, Ltd (Wanaka), sold three bales of 18.6 micron for 956 c (77.1) and five bales of 18.8 for 931 c (75.2). W. L. Preston (Twizel) sold

four bales of 16.8 micron for 1240 c (71.2) and M. and D. Thomas (Omarama) sold nine bales of 18.1 micron for 972 c (71.6) and five bales of 18.2 micron for 930 c (70.0).

Among the quarterbred lines, R. J. Aubrey (Omarama) sold two bales of extra fine woolly hogget for 632 c (71.3), seven bales of fine woolly hogget for 624 c (71.6) and three bales of the same description for 566 c (70.3). D. B. and B. M. Smith sold six bales of Polwarth for 600 c (73.4), while D. T. Lowe and Co. (Ashburton) sold four bales of extra fine woolly Halfbred hogget for 647 c (74.9) and J. I. Innes (Haldon Station) sold four bales of extra fine Halfbred woolly hogget for 615 c (66.8). The Clayton Farming Co. (Fairlie) sold 12 bales of medium Corriedale woolly hogget for 460 c (81.3). At the top of the Romney and crossbred wools was D. T. C. and G. J. Robins (Fairlie) who sold six bales of shorn hogget for 484 c (87.8), while Glen Quoin (Fairlie) sold 10 bales of fine shorn hogget for 472 c (83.8). Coopworth wool peaked at 476 c (85.2) for 18 bales of shorn hogget from D. W. and B. K. Riley (Ashburton), while for the same description Pine croft Farm, Ltd (Fairlie) received 473 c (84.0) for 11 bales, B. J. Smith (Waimate) received 465 c (82.9) for four bales and J. W. and H. L. Allen (Mayfield) received 465 c (83.6) for eight bales. Perendale wool reached 474 c (83.5) for W. R. Armstrong (Waimate), who sold six bales, while Manahune Farming Company (Albury) sold eight bales of fine shorn hogget for 466 c (83.2), and J. W. and S. W. Scott (Timasru) sold five bales of fine shorn hogget for 463 c (82.8).

The order of sale was Wrightson Dalgety 965 lots, 9457 bales; Pyne, Gould, Guinness, 338 lots, 3293 bales, total 1303 lots, 12,750 bales. The prompt date is Decmeber 4.