13 Aug 2010

Wool prices improve on falling NZ dollar

6:17 am on 13 August 2010

A falling New Zealand dollar contributed to a further improvement in wool prices at this week's combined North and South Island wool sale.

Wool Services International says mid micron fleece was 1% - 4% dearer and finer crossbred wools fetched between 1% - 3% more.

Course fleece and shears were firm to slightly dearer, while long oddments were up to 1% stronger.

The shorter wool types also attracted good support, with prices lifting between 2% - 3% percent.

More than 85% of the 8000 bales on offer, sold.