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The wool market remains strong.
The wool market in both the North and South Island continues to show resilience.
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.
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The annual domestic utilisation of wool will double to 30,000 tonnes because of the edict that government agencies should use woollen fibre products in the construction of new and refurbished buildings.
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