9 Sep 2011

Wool prices firm

5:53 am on 9 September 2011

Good demand for a limited supply of wool and a weaker dollar edged up prices again at this week's wool sale.

Fewer than 10,000 bales were up for auction, and Wool Services International reports that about 87% of the offering was sold.

Coarse full fleece was up to 3% dearer and coarse shears were up to 1.5% stronger.

There was strong bidding in particular for combing oddments, which increased by 4% - 8%.

Main buying interest came from Australasia, China and Western Europe.