Editorial: Wool's Back in the Black
OPINION: Confidence in the wool sector is rebounding as prices hit levels not seen in more than 15 years.
The weighted indicator for the main trading currencies eased 0.94% compared to the last sale on November 8, helping local prices.
Dawson says the fine crossbred fleece was slightly buyers' favour with longer shears up to 2% easier and shorter types firm.
Coarse full length crossbred fleece and longer shears remained firm with 2 to 4 inch wools firm to 1.5% dearer and 2 to 3 inch up to 2.5% stronger. Crossbred oddments generally remained firm.
There was limited competition with China dominating supported by India, Middle East, Western Europe and the United Kingdom.
The next sale on November 22 comprises about 10,255 bales from the South Island.
