A stronger dollar generally pushed wool prices lower at last
week's combined sales of wool from both the South and North
Islands.
New Zealand Wool Services International reported the sale
attracted 29,000 bales, of which 78% sold.
However, the market was affected by an exchange rate which
strengthened 1.22%, compared with the previous sale on March
4, supply and demand being finely balanced and limited
shipping space.
Fine crossbred wool was up to 2% cheaper, coarse crossbred
eased 2% to 3%, while coarse shears fell by up to 1.5%.
Fine crossbred lambs eased 1% to 3.5%, with longer types
attracting strong interest and strengthening in price by 1%
to 5%.
Oddments fell by up to 2%.
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