Declining NZ wool quality raises concerns for exporters, says Patterson
A deterioration in the quality of New Zealand's wool clip is a problem for manufacturers and exporters, says Associate Agriculture Minister Mark Patterson.
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
