Aussie flock hits 116 year low
Prolonged dry conditions in rural Australia are taking a toll on its national sheep flock.
New Zealand Wool Services chief executive John Dawson reports that the stronger NZ dollar did not stop most types firming in price, the tight supply conditions and a little more interest from China for quick shipment helped to underpin the market.
Compared to the last South Island auction merino, mid micron and fine crossbred fleece was 3-5% dearer.
North Island carpet types were 2-4% dearer.
The next sale on the 27th October will comprise approx. 6,000 bales
