Friday, March 29, 2024

Momentum builds for lambs’ wool

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Bidders jumped into life to give prices a good boost at Thursday’s Christchurch wool sale. Prices rose across the board, compared to last week’s sale, PGG Wrightson South Island sales manager Dave Burridge said.
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Lambs’ wool continued to gain strength, especially the more stylish and better prepared fleece, up by 2% to 4%.

It was the last weighted sale of the season for  fine wools and coincided with a Chinese ban on wool imports from South Africa, after a foot and mouth disease outbreak in the country. Fine wool  prices in New Zealand and Australia have gained as a result.

In an encouraging sale, strong wools also gained nicely with 35 micron and above gaining up to 5% while at the finer end 32 micron jumped about 12% and 33 micron about 9%. 

The overall pass-in rate was 5%. 

Sales, all in micron level, price per kg/clean: Full wool (good-to-average colour) 27 micron, $10.71kg/clean, up 11c; 28, $9.25, up 7c; 29, $8.20, down 20c; 32, $4.80, up 55c; 33, $4.15, up 34c; 34, $3.56, up 27c; 35, $3.20, up 33c; 36, $3, steady; 37, $3.01, up 8c; 38, $3.01, up 17c; 39, $2.94, up 13c, Crossbred second shear: 33 micron, 3-to-4 inches, $3.86kg/clean, up 40c; 35, 3-to-4 inches, $3.16, up 30c; 2-to-3 inches, $3.03, up 3c; 37, 3-to-4 inches, $3, up 20c; 2-to-3 inches, $3, down 1c; 39, 3-to-5 inches, $3, up 20c; 3-to-4 inches, $2.04, up 24c;  2-to-3 inches, $3, steady. Crossbred lambs’, first shear: 28 micron, $6.84kg/clean, up 4c; 29, $6.05, up 5c; 30, $5.28, up 5c; 31, $4.38, up 4c; 32, $4.04, up 24c.

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