Thursday, April 18, 2024

Wool shines for vendors

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Sellers were well ahead on a big volume day at Wednesday’s Christchurch wool sale. Prices for about 11,000 bales of end-of-season wool were strong across most styles, PGG Wrightson’s South Island sales manager Dave Burridge said. 
Andy Caughey, the chief executive of Wool Impact, says he doesn’t want to give false hope, but there is in fact reason for optimism when it comes to the market for wool.
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Longer combing lambs’ wool was especially sought-after.

Lambs’ wool continues to be the star performer, compared to adult crossbred wool, even with the higher volumes coming forward.

A very limited volume of early-season, mid-micron wool also found solid buyer support with indications finer wool growers are in for another strong season, Burridge said.

Crossbred fleece 31 to 35 microns was 2% to 4% dearer on the sale a fortnight earlier with 35-micron and stronger being up by similar rates and crossbred, second-shear was about 2% stronger.

Mid micron wool was up to 10% dearer for the better styles. Crossbred lambs’ wool was 2% to 5% stronger in price with the best results being for longer fleece. The pass-in rate was 8%, which compares well with previous Christchurch auctions.

Sales, all by micron level, price/kg clean: Full wool, good-to-average colour: 28, $11.32, up 42c; 29, $10.52, up 10c; 32, $5.67, up 20c; 33, $4.91, up 33c; 34, $4.65, up 19c; 35, $3.84, up 22c; 36, $3.45, up 20c; 37, $3.22, up 27c; 38, $3.07, up 13c; 39, $3.02, up 8c. Crossbred, second-shear: 33, 3-to-4 inches, $4.71, up 24c; 2-to-3 inches, $3.67, up 25c; 35, 3-to-4 inches, $3.71, up 29c; 2-to-3 inches, $3.05, up 9c; 37, 3-to-4 inches, $3.08, up 11c; 2-to-3 inches, $3, up 10c; 39, 3-to-5 inches, $3.02, up 14c; 3-to-4 inches, $2.95, up 7c; 2-to-3 inches, $2.95, up 1c. Crossbred, first lamb shear: 28, $6.81, up 4c; 29, $6.29, up 5c; 30, $5.60, down 25c; 31, $5.27, up 19c; 32, $5.21, up 37c; 33, $4.85, up 20c. 

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