Prices rise at first wool sale of the year
Prices rose at the first wool sale of 2011, according to a report by New Zealand Wool Services International.
Prices rose at the first wool sale of 2011, according to a report by New Zealand Wool Services International.
Demand from buyers from China, India and Australasia, helped sell 98 percent of the 23,500 bales of North and South Island wool on offer.
There was support from buyers from the Middle East, Western Europe and the United Kingdom.
Mid micron wools were firm to 2 percent dearer. Fine crossbred fleece and shears rose by between 1 percent and 4 percent. The price of coarse fleece and shears rose by between 1 percent and 3.5 percent.
First lambs' wools types were one to 2.5 percent firmer. Oddments were between 2 percent and 5 percent stronger. Shorter types rose the most.
The next sale is on January 20 when approximately 11,500 bales from the North Island and 7300 bales of South Island wool will be on offer.
NZPA
Thu, 13 Jan 2011
Thu, 13 Jan 2011
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Prices rise at first wool sale of the year
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