19 Aug 2011

Wool prices strengthen again

7:02 am on 19 August 2011

Wool prices were mixed, but strengthened overall at this week's combined North and South Island sales, despite a significantly higher New Zealand dollar.

Wool Services International general manager John Dawson says there was good demand for well prepared crossbred fleece and second shear; and that pushed the strong wool indicator up nine cents to $6.11 a kilo.

The fine wool indicator also rose nine cents to $6.45 a kilo and the mid micron indicator was $9.36.

Just over three quarters of the 16,700 bales auctioned were sold.