Thursday, 12 January 2012 15:57

Wool prices fall again

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Wool prices fell again this week with the New Zealand dollar up 4.45% against the main currencies since the last sale on December 21, says Wool Services International.

However many categories resisted this negative factor with some local prices easing by 1.5 to 4%.

With 25,000 bales on offer, there was a 69% clearance, says Wool Services general manager John Dawson.

The South Island which only had 9,000 bales on offer resisted the strong dollar, with prices softening by 1.5 to 3%.

A very small offering of Mid Micron rose between 1.5 to 2.5%. Early season short lambs weakened between 3 and 7% with little overseas interest at present.

Australasia and China were principal markets supported by Western Europe, Middle East, United Kingdom and India.

The next sale on January 19 comprises about 9,800 bales from the North Island and 6,300 bales from the South Island.

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