Wool prices

Prices continued to strengthen across all categories at the South Island wool sale in Christchurch yesterday.

Prices finished on a hesitant note at the wool sale in Christchurch yesterday, poorer-coloured crossbred ewe wool being most affected.

Prices continued to reach new highs at the wool sale in Christchurch.

The sale of New Zealand's largest wool exporter to private Australian interests is unlikely to sit well with its New Zealand farmer-shareholders, but could provide a channel to new global markets.

Prices strengthened across most micron categories while poorer colour fleece, which had been struggling in recent weeks, met with good competition at the wool sale in Christchurch last week.

Prices finished firm for most longer wool types, but cheaper for shorter fleece and mid-micron types at the wool sale in Christchurch this week.

A weaker New Zealand dollar and restricted supplies, coupled with renewed overseas buying, saw prices rebound dramatically at the wool sale in Christchurch this week.

Prices eased at the wool sale in Christchurch yesterday with poorer styles most affected.

Wool prices strengthened for most types as buyers at the wool sale in Christchurch yesterday were active in securing good volumes for scouring and prompt shipping.

Local wool values are being driven down by the rising New Zealand dollar being toyed with on the international currency market, New Zealand Wool Services International general manager John Dawson said.

Prices for most types of wool finished cheaper than the previous sale a week ago, at the last wool sale for the year in Christchurch.

Cavalier Wool Holdings has rejected a suggestion that wool prices could drop by up to $2 a kg if it buys the wool-scouring assets of New Zealand Wool Services International.

Wool prices remained firm for most types at the wool sale in Christchurch on Thursday.

An "outstanding" offering of merino wool was a feature of a sale of South Island wool on Thursday.