New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
Others either held steady or eased slightly.
Of the 5,000 bales on offer 88% sold. The weaker New Zealand dollar against most of the traded currencies saw the weighted indicator come down 0.80% compared to the last sale on 21st April.
According to Dawson, fine Crossbred Shears were firm to 2% easier. Coarse Crossbred Fleece were firm to 1.5% cheaper. Coarse Crossbred Shears were well supported, ranging from firm to 3% dearer with good styles sought after.
Shorter First Lambs were 1 to 3% easier with long Lambs firm to 4% dearer.
Long Oddments were firm to 1% cheaper with short oddments 2 to 5% dearer.
Next sale on 5th May comprises approximately 4,700 bales from the South Island.
