Merino wools gain ground

Press, 9 October 1987, Page 3

Merino wools gain ground

PA Wellington Crossbred and Halfbred prices eased on the back of the stronger New Zealand dollar at yesterday’s Dunedin wool sale, but Merino wools gained ground on the previous Christchurch-Timaru sale. The Wool Board bid on 32 per cent of the offering and bought 12 per cent or 1450 bales (171 clean tonnes). The continued strengthening of the ddliar still remains the main s factor affecting market levels. It strengthened ’ from U&64.45C to U566.71C (3.5 per cent) since the last

combined sale at Wellington and Christchurch on September 24. The offering of 2971 clean tonnes (25,178 bales) was made up of 27 per cent Halfbred fleece, 25 per cent crossbred fleece, 11 per cent crossbred second shear, and 9 per cent Merino fleece. The next sale will be a combined Wellington and Christchurch fixture on October 15 where 4366 clean tonnes (37,000 > bales) will be offered. Price range The Wool Board’Sjjeport on prices for clean of the

following descriptions is based on yesterday’s sale in Dunedin. Merino Micron Col mm Cents 18 fleece 1 75 2307 19 fleece 1 75 1972 21 fleece 1 80 1191 23 fleece 1 85 877 21 pieces 2 60 987 21 bellies 2 60 — Halfbred and Corriedale 25 fleece 2 90 669 27 fleece 2 95 662 29 fleece 2 100 630 31 fleece 2 105 616 28 pieces 4 75 — 28 bellies 4 75 563 28 locks 4 40 437 26 lamb 1 50 —- 28 crutchings 3 50 — Crossbred 32 fleece 2 110 —

32 fleece 5 110 35 fleece 2 125 605 35 fleece 5 125 — 37 fleece 2 125 582 37 fleece 5 125 578 37 cotts 7 125 — 35 pieces 9 100 510 35 bellies 10 100 583 35 locks 10 50 — 37 crutchings 5 65 489 Second shear 37 fleece 2 100 569 37 fleece 5 100 —— 37 fleece 2 85 560 37 fleece 5 85 — 37 fleece 2 75 550 37 fleece 5 75 —— 37 fleece 2 65 — 37 fleece 5 65 —— 35 bel/pcs 8 65 — 29&mb 30 J&nb 2 50 — 2 65 —