Wool season ends on stronger note

The South Island wool selling season ended on a slightly stronger note last week, despite the exchange rate strengthening.

NZ Wool Services International reported that the higher dollar had little "discernible negative impact" on prices for the 16,900 bale offering.

Despite that, 35% of the offering was passed for failing to meet grower's reserve.

Mid micron fleece, finer than 27 micron, was firm to 2% cheaper; fine crossbred, 32 to 34 micron, also eased between 1% and 2%.

Compared to the previous week's North Island sale, 35 micron fleece rose by up to 6.5% and early shorn crossbred wool also improved in price by 3% to 4%.

With the start of prelamb shearing, NZ Wool Services International reported the larger volume of good colour crossbred fleece eased in price by 3% to 4%, though average styled wool recovered some ground to improve in price by up to 8%.

Poorer styled wool eased by up to 1% and longer, coarse early shorn and second shear wool rose 1% to 2%, while a small volume of shorter styled wool lifted 6% and 10%.

First lambs 29.5 micron and fine strengthened 1% to 3% and coarser style rose 3% to 6%.

Oddments rose 3% to 6%.

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