Prices eased slightly for all types at the South Island wool
sale in Christchurch yesterday.
With a high percentage of lamb's wool on offer, buyers were
selective based on length, Roger Fuller, of Elders Primary
Poorer coloured fleece saw competition softer compared with
previous weeks, while better coloured fleece attracted good
There was limited competition with Australasia, Western
Europe, Middle East and United Kingdom principals, supported
by India and China.
Rabobank's latest agribusiness monthly said New Zealand wool
prices were able to hold ground through February.
The coarse crossbred indicator was able to make up the losses
it experienced earlier in the month to finish the month at
The fine crossbred indicator did not fare as well, losing
4c/kg to finish the month at 504c/kg.
Total wool exports for the current season (July 2013 to
January 2014) have decreased 6% compared with the
corresponding period last year.
However, the total value over the same period increased 3.7%,
an indication of tightened supply and healthy international
demand for stronger wool types, the report said.