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Updated at 12:04 pm on 2 May 2009
Wool prices generally strengthened at Thursday's South Island wool sale in Christchurch, thanks to a strong interest from Chinese buyers.
Wool Services International says increased recent demand in wool markets provided a boost, benefitting categories suitable for manufacture in China and wool types destined for the carpet sector.
Of the almost 14,000 bales on offer, 85% sold.
The price of a small selection of finer mid micron wools strengethened by up to 20%, while the coarser microns lifted between 2% and 4%.
Crossbred fleece micron prices were up between 2% and 3%, and fine crossbred shears gained 4% to 7%.
Lambs' fleece were strongly contested, gaining between 7% and 12%, carpet type fleece was firm to 3% more expensive and coarse shears strengthened up to 6%.
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