Wool down at Napier

Press, 10 January 1987, Page 14

Wool down at Napier

PA Wellington Fleece and secondshear wool prices fell up to 2.5 per cent at the Napier wool sale this week. The full catalogue of 35,107 bales was offered to a fully representative bench of buyers at the sale — the first of 1987. The offering was made up of 39 per cent fleece wool, 30 per cent second shear, 14 per cent lamb’s wool, 5 per cent combing oddments and 13 per cent clothing oddments. Compared with the December offering, fleece wool was slightly better coloured. Some attractive good coloured lamb’s wool was on offer. These lots received good competition. Bidding was widespread which indicates that the

recent good demand has continued. The official report said the strengthening of the New Zealand dollar reduced rates. Compared with the last sale held in Wellington on December 19, fleece wool and second-shear were up to 2.5 per cent cheaper, combing oddments were fully in buyers’ favour and clothing oddments 2.5 to 5 per cent cheaper. Lambs’ firsts were in buyers’ favour to 2.5 per cent cheaper and seconds up to 2.5 per cent cheaper. Main competition was provided by China, Eastern and Western Europe, New Zealand mills and local merchant scourers, with support from Asia on lambs’ wool. The market indicator was 408 c a kilogram.

Official prices were: Crossbred, 35 micron 105-115 mm: Good 562 to 570, average to good 554 to 561, average 554 to .559. 37 micron 105-115 mm: Good 560 to 566, average to good 557 to 561,average 552 to 557. 33 micron 75mm 50100 mm: Good to. 550,average to good 537 to 544. 33 mircron 50-75 mm: Good to 537, average to good to 533, 35 micron 75100 mm to 75-125 mm: Good 552 to 558, average to good 544 to 550, average 552. 35 micron 50-75 mm to 50-100 mm: Good 545 to 552, average to good 533 to 539, average 524 to 528. 37 micron 75-100 mm to 75-125 mm: Good to 558, average to good 545 to 555, average 541 to 549.

37 micron 50-75 mm io 50-100 m: Good 548 io 552, average to good 546, average 523 to 526.Secondshear Bellies and Pieces, 35 micron 50-100 mm to 75-100 m: Average to 490, average to poor 458 to 469. i 35 micron 25-75 mm to 50-75 mm: Average 442 to 470, average jto poor 449 to 455. 2 poor 425 to 440 Crossbred Locks and Second Pieces, 35 micron 25-75 mm: Average to poor 370 to 379. First Lambs, 28 micron 25mm to 25-75 mm: Good 572 to 574, average to 572, average to poor 570. 29 micron' 25-75 mm to 50-75 mm: Good to 574, average 570 to 572, average to poor 568 to 572. Second Lambs, 28 micron: Average 550 to 555, average to poor to 543.