27 Oct 2012

Wool prices lift again

10:29 am on 27 October 2012

There's been a further improvement in wool prices at the latest sale.

The exporter, New Zealand Wool Services International, says increased interest from China and India helped to lift some prices significantly.

Of almost 12,000 bales of South Island wool up for auction on Thursday, 88% was sold.

Merino fleece made the biggest gains, with prices increasing 10% to 15% in line with the Australian market trend in recent sales.

There was strong competition for fine cross bred wools, which sold for up to 10% more. Coarse cross bred prices also lifted for all types.

The only wool to lose ground was the finer end of the mid-micron offering, which eased by up to 2%.