8 May 2010

Wool prices continue rising

9:01 pm on 8 May 2010

Wool prices have continued their upward trend at this week's North and South Island wool sales, with the demand more than compensating for the negative effects of a strengthening New Zealand dollar.

A limited offering of mid-micron wool lifted in price by 2% to 3.5% while fine crossbred wool rose 1%.

Coarse fleece remained firm, while coarse shears were between 1% and 2% dearer.

Lambswool bucked the trend, with prices easing by 1% to 2%.

Almost three quarters of the 13,000 bales on offer was sold.