5 Apr 2012

Wool prices ease again

5:37 am on 5 April 2012

Wool prices have eased for the second consecutive week.

Wool Services International, says nearly a third of the 12,500 bales on offer at this week's North Island sale were passed in.

That was mainly due to a strong dollar and slower demand.

High volumes of previously passed in wool also contributed to the reduced prices.

Coarse cross bred shears were up to 3% cheaper, and coarse fleece also eased 1%.

Fine crossbred shears held firm.

The exception was longer coarse lambs wool, which was up to 2% dearer, although finer short lambs wool eased by 2%.

The next sale on 12 April will comprise 13,000 bales of South Island wool.