Friday, April 26, 2024

Lamb’s wool shows its colours at auction

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Better coloured lamb’s wool had a good bounce at Thursday’s Napier action.
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At the finer end, 27-micron  fleece rose 10% on the falling price of a week earlier, with 30-micron also selling well and other offerings also selling well.

Finer lamb’s wool volumes are reducing as the season progresses and the market was keen secure stocks, PGG Wrightson’s North Island auctioneer Steve Fussell said.

There was a good market tone, though second-shear fleece was mainly lower in price. Second-shear bellies and pieces were up about 6% in price.

There seems to have been some business secured for higher coloured wools coming to auction and these sold at steady levels, Fussell said.

Three lines of merino wool attracted ‘‘extremely hot competition’’, going to a South Island buyer.

The overall pass-in rate was just 2%.

Principal buyers were from the United Kingdom, western Europe, the Middle east, India, China, and Australia, as well as the New Zealand carpet mills.

 NAPIER SALE

In micron level, price per kg/clean.

 Full wool (good-to-average colour):

34 micron, $3.05kg/clean, down 27c; 37, $3.02, up 2c.

Cross-bred second shear:

35 micron, 2-to-3 inches, $2.75kg/clean, down 34c; 37, 3-to-4 inches, $2.76, down 32c; 2-to-3 inches, $2.85, down 16c; 39, 3-to-5 inches, $3.06, up 10c; 2-to-3 inches, $2.90, down 11c.

Lamb’s wool:

27 micron, 2-to-3 inches, $7.34kg/clean, up 7c; 28, 2-to-3 inches, $6.30, up 35c; 29, 2-to-3 inches, $5.75, up 1c; 30, 2-to-3 inches, $5.60, up 27c. 

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