Thursday, April 25, 2024

Wool struggles to hold value

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Some wool prices softened at Thursday’s Napier sale.
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Finer second shear wools struggled to find the levels of the previous sale on September 7, with poorer wools the most affected, PGG Wrightson auctioneer Steve Fussell said.

Some coarser fleece types sold well and hogget fleece was in good demand.

A notable feature was with better oddment wool being in demand, selling up to 12% dearer.

Overall, there was a 33% pass-in rate, the highest for several sales across Napier and Christchurch.

Prices included:

Full wool, good to average style: 33 micron, $4.25/kg clean, up 7c; 34 micron, $3.92/kg clean, up 20c; 35 micron, $3.42/kg clean, up 12c; 38 micron, $3.39/kg clean, steady.

Second shear, cross-bred: 33 micron, three-to-four inches $3.95/kg clean, down 11c; two-to-three inches $3.14/kg clean down 20c; 35 micron, three-to-four inches $3.33/kg clean, down 20c; two-to-three inches $2.83/kg clean, down 42c; 37 micron, three-to-four inches $3.31/kg clean, down 10c; two-to-three inches $2.88/kg clean, steady; 39 micron, three-to-five inches $3.20/kg clean; three-to-four inches $2.89/kg clean, down 5c; two-to-three inches $2.87/kg clean, down 20c.

Lamb wool: 28 micron, two-to-three inches $4.74/kg clean; 29 micron two-to-three inches $4.20/kg clean; 31 micron, two-to-three inches, $3.24/kg clean; 32 micron, two-to-four inches $3.47/kg clean.

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