Prices weakening as 1986-87 wool-selling season finishes
The 1986-87 wool-selling season finished with weakening prices during a sale in Christchurch yesterday of Dunedin and Invercargill wool. The market indicator has fallen 7c during the two days since the last South Island sale of Christchurch and Timaru wool, and finished yesterday at 433 c greasy and 582 c clean. The Wool Board has progressively increased support of the market during the last three days, bidding yesterday on 57 per cent of the offering and buying or having passed to it 26 per cent.
At the Christchurch and Timaru sale the board bought just 6.8 per cent.
Crossbred second-shear fleece of good average style and 50-100 mm or longer was described as 3 per cent cheaper than at the Napier sale on Thursday, while shorter crossbred second-shear and wool of good style was in buyers’ favour. Crossbred fleece was in sellers’ favour, crossbred bulky skirtings were 2>/ 2 per cent cheaper, crossbred clothing oddments of better style were in buyers’ favour and poorer oddments were 2>/ 2 to 5
per cent cheaper. Crossbred crutchings were on a par to 2*4 per cent cheaper, while crossbred lambs’ second pieces and locks were firm.
The price of Halfbred fleece, compared with the Timaru and Christchurch sale, was described as firm.
Most of the support from the trade came from Far Eastern buyers, supported by local mills and European buyers. The A.W.A.S.P. was 433.12 c greasy and 582.46 clean. The Invercargill catalogue comprised 5535 bales and the Dunedin offering contained 10,676 bales. Price range The official range of clean prices: Extra fine Halfbred and Corriedale, 25 micron: Good 684 to 694. Fine Halfbred and Corriedale, 27 micron: Good 662 to 672. Medium Halfbred and Corriedale, 29 micron: Good 627 to 634. Strong Halfbred and Corriedale, 30 micron: Good 618 to 628. Fine Crossbred, 32-33 micron: Good to 622, good to average to 619. Medium Crossbred, 35 micron: Good to 620, good
to average to 606. Strong Crossbred, 37 micron: Good to super to 624, good to 622, good to average to 611, poor to 589. Lambs Fine Halfbred, 26 micron: Good to 651, good to average to 638. Crossbred, 31 micron: good to super to 608, good to 602, good-to average to 590. Second shear Halfbred, 29 micron: good to average to 584. Crossbred, 37 micron 75-125 mm: Good to super to 599, good to 590, good to average to 576. 50100 mm: Good to super to 584, good to 582, good to average to 572. Necks Fine Crossbred, 32 micron: Average to 571. Pieces Crossbred, 35 micron: Average to 520. Poor to average to 510. Bellies Medium Crossbred, 35 micron: Average to 519, poor to average to 513. Crutchings Crossbred, 37 micron: Good 544 to 559, average 503 to 521, poor 460 to 485. Locks Crossbred, 35 micron: Average to 454.
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Press, 27 June 1987, Page 7
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477Prices weakening as 1986-87 wool-selling season finishes Press, 27 June 1987, Page 7
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