BETTER WOOL PRICES

Opunake Times, 26 August 1932, Page 2

BETTER WOOL PRICES

The next season’s clip should average a better price than in the past two season, but there is the huge carry over from the past two seasons, estimated at 246,337 bales, and most of it is inferior and medium crossbred wool, which, at present, is very difficult to quit except at a very low figure, says the N.Z. Financial Times. The next season’s clip should approximate to 600,000 bales, so that we must find a market next season for 850,000 bales. Can this be done and a better price realised? A good deal will depend upon how Germany will shape. If she concentrates on stylish wool for manufacturing for export there may be no great movement in inferior wools, but if she is manufacturing for domestic needs, and to supply some of the impoverished Central European States and the Balkan States, she will give her attention to the inferior wools because of their relative cheapness. There is thus a good chance of all grades of wool meeting with an improving market. The heldover wool at the season’s average price works out at about £1,850,000, and if the farmers were able to cling to so valuable an asset, they could not be so hard pushed as their friends make out.