26 Apr 2013

Wool prices bounce back

8:36 pm on 26 April 2013

Prices at this week's South Island wool sale have regained ground lost at last week's North Island auction.

Fine cross-bred wools lifted by 1% for fleece and 3-7% for shears.

Coarse cross-bred wools sold for up to 5% more, but coarser lambs wool prices softened.

More than 80% of the 15,000 bales were sold.

Fewer than 5000 bales will be offered at next week's North Island auction - about a third lower than the amount rostered, partly due to the wet weather restricting shearing.