14 Feb 2014

Wool prices under more pressure

6:27 am on 14 February 2014

A stronger New Zealand dollar kept the pressure on wool prices at this week's combined North and South Island sale, with most prices easing a bit more.

More than 80 percent of the 13,700 bales put up for auction were sold.

New Zealand Wool Services International reports that some wools in shorter supply attracted more of the bidding.

But fine and coarse cross bred wools were up to 2 percent cheaper.

Most lambs wool prices also fell by up to 2 percent in the South Island and 2.5 percent in the North.