Friday, August 5, 2016

New Zealand wool prices were mixed at the latest South Island auction, with buyers focused on specific wool types.

Prices for mid-micron wool increased an average of 1% compared with last week's South Island auction, with 27 micron wool rising to 20c a kilogram.

75% of the almost 5000 bales on offer were sold at auction.

However that’s down from 85% last week, which was the highest clearance rate since the end of May.

Items for sale in Dunedin