27 Nov 2012

Wool prices mostly holding steady

2:02 pm on 27 November 2012

Wool prices have been mostly holding their ground at the weekly sales.

Fine merino prices were 3- 4% lower at last week's sale compared with the previous South Island sale a fortnight ago, bringing them into line with Australian prices.

Mid micron and cross-bred wools matched or gained slightly on the previous week's North Island prices.

More than 80% of the 10,500 bales on offer were sold.