Sunday, April 21, 2024

Wool prices mostly steady

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Wool prices held mostly steady at Thursday’s Napier auction.
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Bidding was strong and prices overall remained at a similar level to the February 15 sale, PGG Wrightson North Island auctioneer Steve Fussell said.

Some annual lines of Merino and Corriedale wool were keenly sought after as was any good colour wool on offer. Finer lambs’ wool was also well-bid.

For full fleece, good style 35-micron was up to 2.5% dearer with 37-micron and stronger being steady to 1% cheaper. Good to average style was up to 4% cheaper.

Second-shear wools were uniformly dearer with good, 3 to 4-inch wool up to 6% higher.

For lambs’ wool, 28-micron was 8% to 9% dearer with 29 to 30-micron up by 1% to 2%, but 31-micron down about 1%.

Sale details (by micron, in price per kg/clean). Full wool (good to average colour): 36-micron, $2.84. Cross-bred Second shear: 33-micron, 2 to 3 inches, $3.06; 35, 3 to 4 inches, $3.32, 2 to 3 inches, $3.06; 37, 3 to 4 inches, $3.16 up 2c; 39, 3 to 4 inches $3.14 up 19c, 2 to 3 inches, $2.89. Lambs’ wool: 28-micron, $6.32, up 47c.

The pass-in rate was about 9%.

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