Most wool types were slightly cheaper, but the pass-in rate was low, at 4%. Erratic weather across the North Island had spread out the flow of available wool so big volumes weren’t coming to market at the same time, producing a steadying price influence.
Good-style 35 to 37-micron was 1% to 25 cheaper, and good-average style easier by up to 5%. Some very good styles rose in price, notably 35-micron 2-to-3 inches and 37-micron 3-to-4 inches.
In Christchurch, small volumes of mid-micron wool and crossbred lamb’s (specially at the finer end) wool did well, with gains of 3% to 5%.
However, crossbred wools dominated the volumes, and prices deteriorated from already weak levels, Wrightson’s South Island sales manager, Dave Burridge said.
Crossbred wool quality overall has dropped away, and with little new business being written to offshore markets, buyers were operating hand-to-mouth.
A pass-in rate of 28% showed the market’s difficulties.
NAPIER PRICES:
Full wool (good-to-average colour):
All in micron level, price per kg/clean.
34 micron, $3.35, up 30c; 36, $2.90, steady.
Crossbred second shear:
35 micron, 2-to-3 inches, $3.09, up 34c; 37, 3-to-4 inches, $3.13, up 37c; 2-to-3 inches, $2.70, down 15c; 39, 3-to-5 inches, $2.89, down 17c, 2-to-3 inches, $2.70, down 20c.
Lamb’s wool:
28 micron, 2-to-3 inches, $5.90, down 40c; 29, 2-to-3 inches, $5.69, down 6c; 31, 2-to-4 inches, $4.55.
CHRISTCHURCH prices:
All in micron level, price per kg/clean.
Full wool (good to average colour)
25 micron, $14.70kg/clean, up 85c; 26, $12.60, up 72c; 27, $10.36, up 50c; 28, $8.52, up 22c; 29, $7.67, up 20c; 31, $5.60, down 30c; 32, $4.30, down 28c; 33, $4.20, down 4c; 34, $3.18, down 13c;
35, $3.00, down 14c; 36, $2.88, down 20c; 37, $2.85, down 21c; 38, $2.83, down 23c; 39, $2.80, down 22c.
Crossbred second shear:
33 micron, 3-to-4 inches, $3.72kg/clean, up 7c; 2-to-3 inches, $3.30, down 10c; 35, 3-to-4 inches, $3.00, down 15c; 2-to-3 inches, $2.90, down 5c; 37, 3-to-4 inches, $3.00, down 3c; 2-to-3 inches, $2.91, down 6c; 39, 3-to-5 inches, $2.88, down 12c; 3-to-4 inches, $2.94, down 6c; 2-to-3 inches, $2.87, down 9c.
Crossbred lamb’s wool, first shear.
28 micron, $6.77kg/clean, down 5c; 29, $5.90, down 7c; 30, $5.35, up 5c; 31, $4.45, up 5c.
