29 Jun 2012

Most wool prices fall

6:21 am on 29 June 2012

Most prices fell at this week's combined North and South Island wool sale.

Wool Services International says there was limited demand for the relatively large amount of wool on offer and more than a quarter of the 21,500 bales were left unsold.

Coarse second-shear wool, which made up most of the offering, was 2% to 7% cheaper.

Most other fleece and shears prices also fell, and first lamb wool prices were up to 5% softer.

Finer mid-micron wool bucked the trend, however, selling for 3% more.