Less wool offered motivates buyers

Wool buyers had a strong incentive to lift their bids at the Christchurch wool sale.

A smaller offering combined with a lower dollar was the spur for buyers becoming more active to secure wool for orders on Thursday . A good growing season in many regions has resulted in most wool types coming forward at this time of the season in good order.

Crossbred fleece 31 to 35 microns was 2 to 3 per cent dearer from the last sale on March 15 and fleece 35 microns and stronger was up 2 to 4 per cent.

Crossbred second shear rose 2 to 3 per cent, lambs’ wool 27 to 30.4 microns was 2 to 4 per cent dearer and lambs’ wool 30.5 to 32 microns increased 1 to 3 per cent.

Oddments were unchanged.

Mid-micron wools were 1 to 3 per cent dearer on limited volumes. mostly

A small merino offering attracted good competition particularly for oddments and second shear fleece.

About 5 per cent of the offering was passed in after failing to reach reserve prices. The dollar was at

72.3 cents against the United States currency compared with 73.3c during the last sale.

Sales included: Crossbred A&B Gibson, Sth Canty, cross lms,

12, 28.8, 81.1, 471, 581, Wairuna Farm, Ashburton, 34, cross lms,

29.4, 78.6, 424, 539, The Wattles Chorlton Ltd, Akaroa, 18, cross lms, 29.5, 80.3, 425, 529, Springfield Est, Ashburton, cross lms, 12, 30.3,

79.9, 417, 522, Strathavon, Otago, cross lms, 15, 30.4, 77.8, 404, 519, D R Brown & Sons, Otago, rom lms, 14,

30.5, 75.4, 386, 512, Shipley Farming, Greendale, cor cross, 11, 31.9,

71.1, 344, 484, A&B Gibson, Sth Canty, cross hog, 4, 34.9, 72.2, 274,

379, Willisden Farms, Chch, cross

2shr, 26, 36.4, 80.5, 267, 332.