Displaying items by tag: Wool Services International

The South Island offering of 14,157 bales saw a 70% clearance, New Zealand Wool Services International's marketing executive, Paul Steel reports.

The Euro zone crisis, New Zealand dollar and Chinese New Year have been hitting wool prices, which before last week’s auctions had dropped about 12% since October.

A NEAR 2% rally in the New Zealand dollar against the main wool trading currencies was reflected in corresponding slide in prices at this week’s combined North and South Island auction, says Wool Services International.

WOOL PRICES at yesterday’s (December 15) auction were 2-4% down on last week’s sale, which also saw a drop of about 4% overall.