Friday, March 29, 2024

Some wool defies trend second time around

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Wool was  mostly cheaper at Thursday’s Napier auction though some lines passed-in at previous sales was re-offered and achieved better money.
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A small amount of lambs’ wool was well sought after, particularly 28 and 29 micron, and was bought for top-end contracts demanding no colour or vegetable matter, PGG Wrightson’s North Island auctioneer Steve Fussell said.

A full buyer bench was on-hand for a good quality offering. Some full-wool bales, notably 35 micron, improved in price amid other easier pricing. Second-shear wool weakened, notably in the 37 and 39 micron range. Napier’s pass-in rate was 12%.

In Christchurch a limited offering of crossbred fleece and hogget wool sold in buyers’ favour, compared to the sale a week earlier, PGW’s South Island sales manager Dave Burridge said.

The increase in the value of the dollar hasn’t helped buyers negotiating with overseas customers in an already strained market for the 31 to 40-micron wools. The finer end of the crossbred range was 1% to 3% cheaper and the coarser end up to 2% cheaper. Crossbred second-shear was unchanged on average.

There was a small offering of mid-micron wools and that market also eased slightly, being 1%  to 3% cheaper. The Christchurch sale pass-in rate was 16%.

Napier sales, all by micron, price/kg clean: Full wool, good to average colour: 33, $3.20, down 33c; 34, $3.13, down 38c; 35, $3.09, up 3c; 36, $3.06, down 9c; 37, $3.84, up 16c; 38, $2.89; 39, $2.94, down 4c. Crossbred second shear: 35, 3-4 inches, $2.96; 2-3 inches, $2.67; 37, 3-4 inches, $2.64; 2-3 inches, $2.64, down 14c; 39, 3-5 inches, $2.78, down 17c; 3-4 inches, $2.70, down 17c. Lambs’ wool: 28, 2-3 inches, $6.47; 29, 2-3 inches, $5.96, up 17c.

Christchurch sales:Full wool, good-to-average colour: 25, $13.17, down 13c; 27, $10.63, down 16c; 28, $9.69, down 35c; 29, $8.05, up 2c; 31, $3.95, down 47c; 32, $3.74, down 1c; 33, $3.32, down 29c; 34, $3.20, down 1c; 35, $2.94, down 14c; 36, $2.98, down 7c; 37,$2.99, down 9c; 38, $2.96, down 10c; 39, $2.94, down 12c. Crossbred, second shear: 33, 3-4 inches, $3.01, down 20c; 2-3 inches, $2.75, down 5c; 35, 3-4 inches, $2.84, down 8c; 2-3 inches, $2.72, up 3c; 37, 3-4 inches, $2.88, down 6c; 2-3 inches, $2.72, up 3c; 39, 3-5 inches, $2.85, up 4c; 3-4 inches, $2.75, steady; 2-3 inches, $2.64, up 4c.

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