|
|
Article: WOOL REPORT; SELECTION OF CHRISTCHURCH
- Article from:
- The Press
- Article date:
- September 18, 2009
CopyrightCopyright 2009 The Press. Provided by ProQuest LLC. (Hide copyright information)
|
Most wool types bowed to the higher New Zealand dollar at the
Christchurch wool sale yesterday.
The effect of the kiwi strengthening by more than a cent against
the United States dollar overnight to about 71c was evident mainly
in the finer wools.
Crossbred prices were about 2 per cent cheaper from the last
sale. Mid- micron wools from 26 to 28 micron fell by as much as 4
per cent with 29 to 30 micron 2 per cent to 3 per cent cheaper.
Merino wools did not escape the currency movement with most
micron categories cheaper than the last Christchurch sale on
September 3.
Elders Primary Wool supply manager, Roger Fuller, said the rising
currency had been demanding on trading conditions.
"The ...