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Slight increase in demand improves NZ wool prices

06 Sep '12

1 min read

New Zealand Wool Services International Ltd reported that an easier New Zealand dollar and a slight increase in demand combined to generally improve prices at today’s wool sale. Of the 8,400 bales on offer 85 percent sold. The weighted indicator for the main trading currencies dipped from .7231 to .7172 (down by 1 percent).

The limited offering of Good Colour Crossbred Fleece lifted by 1.5 to 2 percent. Good Colour Early Shorn and Second Shear types rose by up to 1.5 to 3 percent with finer types most affected. Crossbred Oddments declined by 2.5 to 5 percent to levels they were fetching at the last North Island wool sale on 16 August.

Competition came from our traditional trading partners, China, India, United Kingdom and Australasia supported by Western Europe.

New Zealand Wool Services International Ltd

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