Wellington wool prices up

Press, 13 March 1987, Page 3

Wellington wool prices up

PA Wellington Prices increased steadily with a strong tone evident at the Wellington wool sale yesterday, according to the official report. Buying came from Eastern European sources, New Zealand carpet mills and merchant scourers, and China.

The offering of 23,078 bales was made up of mature fleece, 13 per cent; second-shear, 47 per cent; first lambs’ wool, 25 per cent; bulky skirtings, 2 per cent; and clothing oddments, 9 per cent. The market, compared with the ChristchurchInvercargill sale of March

5, was fleece wool in sellers’ favour, secondshear to 2 per cent dearer, and lambs’ wool to 2.5 per cent to 5 per cent dearer. The Wool Board bid on 198 bales (1.2 per cent) and bought or had passed to it 36 bales (0.2 per cent).

The market indicator for greasy wool was 427 c a kilogram and 574 c for clean wool.

Crossbred, 35 micron, 110 to 125 mm: Good, 579 to 585, average to good, 575 to 578.

37 micron, 110 to 125 mm: Good, 579 to 582, average to good, — to 578, average, — to 577.

Second-shear, 37 micron, 75/100 to 75/125mm: Good, 586 to 590, average to good, — to 580, average, 568 to 573.

37 micron, 50/75 to 50/ 100 mm: Good, 576 to 588, average to good, 570 to 577, average, 562 to 568.

Crossbred necks, 30/32 micron, 75/125mm: Average to poor, — to 574.

Crossbred pieces, 33/35 micron, 75/125mm: Average to poor, — to 540.

Second-shear bellies and pieces, 335 micron, 50/100 to 75/100mm: Average to poor, —- to 550, poor, 512 to 516. 35 micron, 25/75 to 50/ 75mm: Average — to 538, average to poor, 498 to 505, poor, 458 to 475. .

First lambs’ wool, 28 micron, 25/75 to 50/75mm: Good, — to 586, average, 576 to 585, average to poor — to 552.

29 micron, 75 to 50/ 100 mm: Average — to 584, average to poor, — to 578.

29 micron, 25/75 to 50/ 75mm: Good, — to 584, average, 583 to 587, average to poor, 574 to 578.

30 micron, 75 to 50/ 100 mm: Good, — to 588, average, — to 586, average to poor, — to 575.

30 micron, 275/75 to 50/ 75mm: Good, — to 586, average, — to 586, average to poor, — to 573.

Second lambs’ wool, 28 micron: Average, — to 521, average to poor, — to 506.