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Article: Prices fall across board

Article from:
The Press
Article date:
November 3, 2000
Copyright

Prices at yesterday's Christchurch Wool Sale fell across all categories of fleece.

The areas most affected were the "Chinese types" -- the finer crossbred, and mid-micron grades favoured by Chinese buyers.

Merino prices also dropped, probably reflecting a fall in the Australian market this week. The biggest falls were in the poorer style merino wools. Higher quality wools fared better.

The offering was 9651 bales (1161 clean tonnes) of which a high 25 per cent failed to meet price reserves.

All indicators were down. The strong wool indicator was 415c, down 21c, the medium indicator was down 28c to 542, while the fine indicator was down 36c to 1629c.

Merino fleeces were generally 2.5 per ...

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