20 Dec 2012

Wool prices soften overall

8:46 am on 20 December 2012

Prices softened overall in this week's wool sale, the last for the year.

Interest from China generated more demand for the finer end of the offering of almost 19,000 bales of South and North Island wool.

Overall, however, prices softened, with those at the coarser end dropping the most, as more supplies come onto the market.

Wool Services International reports mid micron fleece generally remained firm but fine cross-bred shears were up to 2% cheaper.

Coarse cross-bred wool prices fell by up to 2.5% and shorter lambs wool was down by up to 3%.

About 88% of the offering was sold.