27 Aug 2011

Wool prices steady

6:00 pm on 27 August 2011

Wool prices mostly held steady at this week's South Island wool sale.

Wool Services International says a slightly easier New Zealand dollar had little impact on the market.

Finer mid micron fleece rose by 6% to 8%.

Fine crossbred fleece and shears prices eased a little and coarse crossbred fleece was generally firm.

Shorter lambs' fleece was also up to 2% dearer.

About 80% of the offering of more than 7000 bales were sold.