10 Feb 2012

Wider interest at wool sale

12:02 pm on 10 February 2012

The exchange rate and economic woes in some overseas markets continue to keep the pressure on wool prices.

But exporters report wider interest at this week's combined North and South Island auction, where more than 80% of the 20,000 bales were sold.

Wool Services International says prices were mixed, but North Island prices were generally firmer, due to stronger competition for the wools on offer there.

First lambs wool lifted by 5% - 8% in the North Island, and by 1% in the South.

The main demand came from China, Western Europe and Australasia.