5 Jun 2015

Another lift for South Island wool prices

9:47 am on 5 June 2015

A weaker New Zealand dollar helped give South Island wool prices a further leg up at this week's sale.

New Zealand Wool Services International reports renewed interest from China pushed up mid-micron fleece prices by 6 percent to 12 percent.

Fine cross-bred wools fetched 5 to 6 percent more than previous sales and lambs fleece prices lifted by 6 to 8 percent.

Of the almost 7000 bales put up for auction, 97 percent were sold.

More than 9000 bales will be auctioned at next week's North Island sale, but the next scheduled South Island sale has been cancelled due to lack of wool.

Get the new RNZ app

for ad-free news and current affairs