12 Oct 2012

Wool prices firm

6:38 am on 12 October 2012

Wool prices firmed at this week's South Island sale.

Wool Services International reports that merino and mid-micron fleece prices increased by about 2% - 4% on the previous South Island sale.

Compared with last week's North Island auction, fine cross-bred fleece and shears were up to 5% dearer and coarse cross-bred fleece fetched up to 2% more.

Coarse shears prices were more mixed, ranging from 1% lower, to 4% higher.

Almost 80% of the 12,800 bales put up for auction were sold.