Tuesday, April 23, 2024

Wobbly start to wool trade

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The new wool auction season started in volatile fashion in Napier on Thursday.
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The sale began conservatively, lifted then fell away and finally regained the lost ground during the last session, PGG Wrightson’s North Island auctioneer Steve Fussell said.

But vegetable matter is a real concern in the wool sent in from farms. 

Any reading 0.3 or greater met resistance from buyers with prices falling away, including for finer micron types.

Full fleece, good style 35 micron was 4% to 5% cheaper but good-style 37 micron and stronger was ahead 2% to 4%.

Second-shear wool was also mixed with 3-4 inches good style 2% to 3% dearer and good-average style up by as much as 17%. The gains were similar for 2-to-4-inch good style and average-to-good style.

Lambs’ wool was mostly cheaper with just 28 micron unchanged while 29-31 micron was weaker. The pass-in rate was 12%.

Salse, by micron, price/kg clean: Full wool, good-to-average colour: 36, $2.97; 37, $2.93. Crossbred second shear: 35, 2-3 inches, $2.65; 37, 3-4 inches, $2.91, up 6c; 2-3 inches, $2.46, down 1c; 39, 3-5 inches, $3.03, up 4c; 3-4 inches, $2.91, up 6c;  2-3 inches, $2.45, down 7c.

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