30 Jun 2013

Wool prices boosted by weather and dollar

2:14 pm on 30 June 2013

Bad weather which is affecting wool supply, and a lower New Zealand dollar in relation to the United States currency, gave wool prices another boost at this week's wool sale.

More than 20,000 bales were on offer from both the North and South Islands and 97% were sold.

While prices did not rise for mid micron fleece, other wool types did.

Fine and coarse crossbred fleece and shears rose by between 3% and 7%.

Longer First Lambs were 4% - 6% dearer and Shorter First Lambs were firm to 4% higher.

The next sale will be in the North Island on 11 July.