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The double auctions in the South and North Islands attracted more interest yesterday.
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
The conversion of productive farmland into trees has pretty much annihilated the wool industry.
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State-owned social housing provider Kainga Ora is switching to wool carpet for its new homes.
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