25 Nov 2011

Wool prices stay firm

7:15 am on 25 November 2011

Low supplies and a softer New Zealand dollar are keeping wool prices firm.

At a small sale of North Island wool this week, 96% of the 7500 bales on offer were sold.

The exporter Wool Services International says struggling western economies are continuing to have a dampening effect on the trade.

But the small amounts of wool on offer and fairly empty supply pipelines are helping to off-set that.

Prices for fine and coarse crossbred fleece and shears were up to 3% dearer.