Otago Daily Times
Prices up for quality wool
A QUALITY offering of wool from all breeds attracted a ‘‘strong and buoyant’’ market at last week’s South Island wool sale in Christchurch, PGG Wrightson Wool South Island auction manager Dave Burridge said.
Compared with the sale two weeks earlier, there were significant lifts and clearances for all wool types.
Having a dominant Australian woolexporting company on the bench provided the ‘‘extra urgency in the room’’, particularly in midmicron and merino wools, he said.
Crossbred fleece prices rose up to 10% while midmicron halfbred fleece (28 micron) was up 15% and halfbred hogget (23 micron) was up 18%. Merino fleece (18 micron) rose 12% and hogget (16 micron) was up 11%.