6 Sep 2013

Wool prices lift

6:26 am on 6 September 2013

Wool prices rose by up to 10% at this week's North Island sale, driven by limited supplies and a price resurgence in other markets.

Nearly all of the 9400 bales on offer were sold.

Fine crossbred fleece was up to 6% dearer than last week's South Island sale, and coarse cross bred wool fetched 5% to 10% more.

Prices for New Zealand merino wool sold in Australia this week also had their biggest lift in almost two years.