17 Sep 2011

Wool prices holding

5:30 pm on 17 September 2011

Prices and demand for wool are holding up.

Almost 90% of the 11,500 bales of South Island wool auctioned this week were sold.

Prices for merino fleece were up to 3% higher.

Most cross-bred wool prices firmed a little more, but mid-micron fleece was more mixed, with finer lines easing.