Wednesday, April 24, 2024

More wool up than down

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More wools were firmer than weaker in price at Thursday’s Christchurch wool sale.
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There was a large offering of crossbred wool and 34 to 37 microns gained in price though 38 and 39 micron were lower, PGG Wrightson South Island sales manager Dave Burridge said.

Lambs’ wool finer than 30.5 microns continued to attract strong interest.

A limited offering of mid-micron wool also attracted steady demand as buyers consolidate forward orders, pushing prices up by 3% to 5% on the previous sale on February 22.

The pass-in rate was 9%.

Sale prices: by micron, cents/kg clean.

Full wool (good to average colour): 28 micron, $8.60kg/clean, up 5c; 29, $7.65, up 6c; 31, $4.52, up 7c; 32, $4.36, down 5c; 33, $4.20, down 15c; 34, $3.98, up 6c; 35, $3.52, up 18c; 36, $3.30, up 4c; 37, $3.25, up 5c; 38, $3.10, down 10c; 39, $3.15, down 7c.

Crossbred second shear: 33 micron, 3 to 4 inches, $4.04kg/clean, down 6c; 35, 3 to 4 inches, $3.32, down 3c; 2 to 3 inches, $2.98, up 7c; 37, 3 to 4 inches, $3.25, up 5c; 2 to 3 inches, $3.05, up 10c; 39, 3 to 5 inches, $3.20, steady; 3 to 4 inches, $3.15, up 7c; 2 to 3 inches, $3.04, up 12c.

Crossbred lambs’ wool: 27 micron, $6.86kg/clean, up 42c; 28, $6.30, down 3c; 29, $5.68, up 8c; 30, $5.05, up 5c; 3, $4.02, down 16c; 32, $3.65, down 12c.

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