14 Sep 2012

Wool prices continue to hold firm

10:30 am on 14 September 2012

Wool prices continue their recovery in this week's South Island sale.

The exporter, Wool Services International, says strong demand helped to lift prices across most wool types despite a stronger New Zealand dollar.

Eighty percent of the 14,500 bales on offer were sold, compared with an 85% clearance the previous week.

Merino fleece was mainly firm and halfbred wools were also firm or slightly dearer.

Coarse crossbred fleece and second shears lifted by 1% but their finer counterparts were 2.5% cheaper.

Prices for oddments were mainly unchanged.

Competition came from China, Australia, India and the United Kingdom.

The next sale comprises 11,000 bales from the North Island.