Wool prices

A weaker New Zealand dollar and restricted supplies, coupled with renewed overseas buying, saw prices rebound dramatically at the wool sale in Christchurch this week.

Prices eased at the wool sale in Christchurch yesterday with poorer styles most affected.

Wool prices strengthened for most types as buyers at the wool sale in Christchurch yesterday were active in securing good volumes for scouring and prompt shipping.

Local wool values are being driven down by the rising New Zealand dollar being toyed with on the international currency market, New Zealand Wool Services International general manager John Dawson said.

Prices for most types of wool finished cheaper than the previous sale a week ago, at the last wool sale for the year in Christchurch.

Cavalier Wool Holdings has rejected a suggestion that wool prices could drop by up to $2 a kg if it buys the wool-scouring assets of New Zealand Wool Services International.

Wool prices remained firm for most types at the wool sale in Christchurch on Thursday.

Prices eased by up to 3% for most crossbred types at the wool sale in Christchurch last week.

An "outstanding" offering of merino wool was a feature of a sale of South Island wool on Thursday.

Prices for all styles of wool increased on the back of a cheaper New Zealand dollar at the wool sale in Christchurch yesterday.