Prices continued to rise at today’s wool sales in response to increased demand, New Zealand Wool Services International reports.
Compared to the previous sale last week, the New Zealand dollar has increased in value against a weighted indicator of the main international wool trading currencies by 0.68 per cent. While this would normally have pushed local prices down, strong competition over-rode the currency factor to drive prices for most types higher.
In the combined auction of 14,000 bales of North and South Island wool in Napier and Christchurch, 97 percent of the wool on offer sold.
NZ Wool Services International said a nominal offering of …
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Tags: new zealand, Trade, Wool
