18 Oct 2012

Wool prices lift again

5:32 am on 18 October 2012

Wool prices have made up more ground at this week's sale.

New Zealand Wool Services International says increased buyer interest for quick shipment pushed up some prices, and an easier exchange rate helped.

Shorter fine crossbred fleece fetched up to 7% more, coarse cross-bred fleece was up to 5% dearer, and second shear wool prices also firmed, some by up to 8%.

More than 90% of the 9000 bales of North Island wool on offer were sold.

The main buying competition came from China.