Crossbred prices rise as some confidence returns

Improved prices were seen at the latest South Island wool sale in Christchurch. Photo: Stephen Jaquiery.

An excellent offering of pre-lamb shorn types from all wool breeds led to prices finishing on a much firmer note at last week's South Island wool sale.

Strong interest continued for mid-micron and merino wool, reflecting the very strong demand coming from China, PGG Wrightson Wool's South Island sales team said.

Crossbred wools appeared to have "rebounded off the bottom" and drew active bidding from a full bench of buyers.

Better-prepared crossbred wools showing uniformity for length, including oddments, attracted the most interest.Crossbred fleece (31 to 34 micron), including hogget wool, was up 2%-6%, while 35 micron and stronger were  3%-5% dearer.

Crossbred second-shear was 2%-5% dearer, while lamb's wool was up 2%-4% on a very limited offering. Crossbred oddments were 2%-3% dearer.

Roger Fuller, of CP Wool, said some level of confidence was seen back in the market for the first time in months. Passings were the lowest seen for many months.

A range of prices. -

Closeburn Station (Ranfurly), 14 bales fine Corriedale AAA, 26.2 micron, 73.1% yield, 853 greasy, 1167 clean; M E and M L Cameron (Ranfurly), 10 bales fine halfbred AA, 25.7 micron, 78.6% yield, 987 greasy, 1256 clean; Lee Downs Ltd (Outram), 59 bales crossbred AA, 37.5 micron, 82.4% yield, 283 greasy, 343 clean; Andrews and Sons Ltd (Ranfurly), 42 bales crossbred AA, 38.3 micron, 76.3% yield, 254 greasy, 333 clean; Carey Ltd (Ranfurly), 14 bales fine halfbred AA, 24.7 micron, 80% yield, 1040 greasy, 1300 clean; Erindale Farm Ltd (Palmerston), 22 bales medium halfbred AA, 26.4 micron, 77.8% yield, 882 greasy, 1134 clean; A P S Heckler (Palmerston), seven bales crossbred hogget AA, 32 micron, 80.7% yield, 384 greasy, 476 clean; Est G C Nevill (Dunedin), 30 bales medium Romney AA, 38 micron, 79% yield, 273 greasy, 346 clean; Gladford Station Ltd (Outram), 33 bales crossbred AA, 37.8 micron, 82.9% yield, 289 greasy, 349 clean; Carey and Co Ltd (Ranfurly), 34 bales fine halfbred AA, 23.5 micron, 76.5% yield, 1070 greasy, 1399 clean; Penvose Farms (Wedderburn), 45 bales crossbred AA, 37.1 micron, 79.3% yield, 272 greasy, 343 clean; S J Blakely (Ranfurly), 54 bales Romney AA, 39 micron, 79.2% yield, 274 greasy, 346 clean; Miller Family Trust (Alexandra), 22 bales medium halfbred AA, 26.8 micron, 77.6% yield, 841 greasy, 1084 clean; K G and F A Thompson (Ranfurly), eight bales medium crossbred hogget AA, 32.7 micron, 79.3% yield, 341 greasy, 430 clean; Scorgie Family Trust (Outram), 54 bales crossbred AA, 37.4 micron, 81.4% yield, 279 greasy, 343 clean; Lindis Downs (Tarras), five bales merino AAAA, 16.8 micron, 68.2% yield, 1830 greasy, 2683 clean; Verterburn Farming (Otago), 42 bales Perendale, 37 micron, 84.5% yield, 289 greasy, 342 clean; The Hectors Ltd (North Otago), 15 bales crossbred AA, 39.4 micron, 83.4% yield, 280 greasy, 336 clean; Eweburn Station (Otago), 18 bales crossbred AA, 34.3 micron, 79.4% yield, 345 greasy, 434 clean; Wilvar Farm Ltd (Otago), 27 bales crossbred AA, 38 micron, 80.7% yield, 272 greasy, 337 clean; S and J Hoton (Otago), 20 bales crossbred AA, 40 micron, 80.3% yield, 273 greasy, 340 clean; D R Brown and Sons (Otago), 38 bales Romney second-shear, 38.8 micron, 82.9% yield, 243 greasy, 293 clean; The Hectors, 10 bales Corriedale, 29.8 micron, 75.3% yield, 547 greasy, 726 clean; Oakhill Station (Otago), three bales merino, 16.2 laser, 73.4% yield, 1981 greasy, 2699 clean, three bales 16.8 laser, 74.6% yield, 1970 greasy, 2680 clean, eight bales 16.4 laser, 72.9% yield, 1961 greasy, 2690 clean, two bales 18.4 laser, 75.8% yield, 1800 greasy, 2375 clean; Home Hills Station (Central  Otago), four bales Polwarth 2-tooth, 21.6 laser, 77.9% yield, 1351 greasy, 1734 clean, six bales Polwarth 2-tooth, 22.5 laser, 77.7% yield, 1266 greasy, 1629 clean, seven bales Polwarth, 19.4 laser, 76.9% yield, 1480 greasy, 1924 clean, five bales 21.5 laser, 77.7% yield, 1324 greasy, 1703 clean.