South Island wool sale

ANOTHER very small offering at last week’s South Island wool sale continued to underpin the crossbred wool price recovery, especially for lamb’s wool and average styles.

Buyers had to be very active to secure volumes for prompt processing and shipping, while the weaker New Zealand dollar provided further impetus to the stronger market, the PGG Wrightson Wool sales team said.

Crossbred fleece (31 to 34 micron), including hogget wool, was 3%6% dearer on a limited offering. 35 micron and strong were 3%5% dearer for better styles, while average and poorer styles lifted between 6% and 10%.

Roger Fuller, of CP Wool, said a large offering of lambs wool saw good prices for finer than 30 micron and also good demand for combing lambs wool 75mm and longer.

With the Australian wool market setting new levels, that was reflecting into the New Zealand market in mid micron types and finer lambs wool, Mr Fuller said.

There was strong competition China buyers being principal, supported by Western Europe, Australasia, the Middle East and India. A range of prices. —

HR Harrex Partnership (Lawrence), 23 bales Romney AA, 36.4 micron, 80.1% yield, 319 greasy, 398 clean; EL and RJ Pepperell (Owaka), 52 bales crossbred AA, 34.6 micron, 75.5% yield, 326 greasy, 432 clean; R and S Shaw (Gore), 39 bales crossbred, 37 micron, 77.3% yield, 327 greasy, 423 clean; Springburn Farm (Gore), 16 bales crossbred, 37.7 micron, 78.3% yield, 332 greasy, 424 clean; S and J Clearwater (Otago), six bales crossbred lambs, 29.8% micron, 75.7% yield, 335 greasy, 443 clean; Tuapeka Downs (Otago), 20 bales Romney lambs, 30.3 micron, 90.7% yield, 357 greasy, 442 clean.