There have been significant price gains for finer mid micron wools at this week's South Island wool sale, reflecting stronger demand, especially from Western European markets.
Almost 80% of the 16,000 bales up for auction were sold - the lowest passing-in rate for several sales.
New Zealand Wool Services International reports that prices for finer micron wools rose by 5% to 7.5%. Other mid-micron lines improved by 4% to 5%.
Prices for most of the stronger cross-bred wools came under more pressure from the exchange rate, easing by 1% to 4%.
