Saturday, April 20, 2024

Wool recovery continues

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Wool prices made another step forward at Thursday’s Napier sale, building on the gains of a fortnight earlier. After a disappointing start to the season prices have lifted in the last few weeks and strong wools in the 35-37 microns range were up by another 4% to 5%, PGG Wrightson’s North Island auctioneer Steven Fussell said.
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Second-shear wools were mostly up by similar margins on a fortnight earlier with good style 2 to 3 inch fibre length ahead about 7%.

Fussell reported strong competition for finer hogget wools and a small offering of last season’s lambs’ wool was also strongly sought.

Buying came from across the board representing British, West European, Middle Eastern, Indian, Chinese and Australian interests as well as domestic carpet mill

Sales (in microns, price/kg clean): full wool: 32 micron, $4.47kg/clean; 33, $4.16: 34, $3.70; 35, $3.69; 36, $3.53, 37, $3.56, up 5c.

Cross-bred Second-shear: 33 micron, 3 to 4 inches, $4.23, up 19c; 2 to 3 inches, $3.89, up 18c; 35, 3 to 4 inches, $3.65; 37, 3 to 4 inches, $3.42, up 2c; 2 to 3 inches, $3.38, up 21c; 

39, 3 to 5 inches, $3.43, up 11c; 3 to 4 inches, $3.39, up 18c; 2 to 3 inches, $3.02, down 15c. The pass-in rate was 4.5%.

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