Saturday, April 20, 2024

Asian buyers spark wool auction sales

Avatar photo
Strong demand from Asian markets led to animated buying at the Christchurch wool auction on Thursday. Crossbred fleece, especially lambs’ wool and the finer end of the adult fleece, benefited.
Reading Time: < 1 minute

New business was written in Asia and good volumes were sought, PGG Wrightson South Island sales manager Dave Burridge said.

Crossbred fleece 31 to 35 microns was 5% to 10% dear than at the previous sale on February 21. Above 35 microns, prices were steady to firm with the better style wools gaining up to 2%.

Lambs’ wool firmed across the board with gains of up to 11% and the finer-end was most sought-after.

A limited supply of adult mid-micron wool (below 31 microns) also sold very strongly. The pass-in rate was 7%.

Sales (all in micron level and price per kg clean): Full wool, good-to-average colour: 28 micron, $9.51, up 26c; 29, $8.90, up 70c; 31, $5.61, up 61c; 32, $5.46, up 66c; 33, $4.94, up 79c; 34, $4.40, up 84c; 35, $3.40, up 20c; 36, $3.20, up 20c; 37, $3.05, up 4c; 38, $3.05, up 4c; 39, $3.04, up 9c. Crossbred second-shear: 33 micron, 3-to-4 inches, $4.37, up 51c; 35, 3-to-4 inches, $3.38, up 22c; 2-to-3 inches, $3.05, up 2c; 37, 3-to-4 inches, $3.08, up 8c; 2-to-3 inches, $3.04, up 4c; 39, 3-to-5 inches, $3.05, up 5c; 3-to-4 inches, $3.04, up 4c; 2-to-3 inches, $3.01, up 1c. Crossbred first lambs’ shear: 27, $7.21kg/clean, up 32c; 28, $6.94, up 10c; 29, $6.35, up 30c; 30, $5.88, up 60c; 31, $4.52, up 14c; 32, $4.30, up 26c.

Total
0
Shares
People are also reading