Strong wool eyes China
China looks set to play a key role in helping the New Zealand wool sector shift away from trading as a commodity supplier.
New Zealand Wool Services International Limited chief executive officer John Dawson says that new business and shipping requirements for older contracts combined to keep all types well supported.
Crossbred Fleece types ranged from 1% cheaper to 5% dearer across both Islands, as did Second Shear and Lamb types.
Good competition prevailed with China, Western Europe and Australasia dominating.
The next sale takes place on 10 March in the South Island only. It will consist of approximately 8,000 bales.
