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Article: Wool prices strengthen; SELECTION OF CHRISTCHURCH GROWER PRICES
- Article from:
- The Press
- Article date:
- August 25, 2000
CopyrightCopyright 2000 The Press. Provided by ProQuest LLC. (Hide copyright information)
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Buyers showed strong interest at yesterday's Christchurch wool
sale as the sliding dollar made wool increasingly attractive to
overseas customers.
Prices strengthened across most categories, and only 4 per cent
of the 12,320 bales (1534 clean tonnes) failed to meet price
reserves.
Brokers said there was continued interest from Chinese buyers,
who returned to the market in May.
A concern at low sheep numbers with a possible shortage of wool
later in the year, may be spurring buyers.
Finer crossbred fleeces (below 34 micron) were up by 5 to 7 per
cent from last week's sale, while other crossbreds were generally up
3 per cent.
Halfbred fleeces rose 4 to 7 per cent, while the finest merinos ...