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New Zealand - Stronger dollar erodes wool prices [ 12 Mar, 2010]
A stronger dollar helped to pull down prices at this week's North and South Island wool sales.
The New Zealand dollar rose by more than 1% against the main wool trading currencies.
Wool Services International says the higher dollar combined with finely balanced supply and demand and limited shipping space meant buying activity and prices fell for most of the wools on offer.
Fine crossbred wools, bought mainly for the Chinese market were up to 2% cheaper.
Coarse crossbred fleeces eased by 2% - 3%.
Finer lambs wool prices dropped by up to 3.5%, apart from longer, coarser lines that fetched up to 5% more.
Of the 29,000 bales for auction, 78% were sold.
Source: Radio New Zealand
New Zealand - Wool prices down 09 Mar 2010 [ 09 Mar, 2010]
Prices eased for most types of wool at last week's combined South and North Island wool sale.
A large offering of 28,000 bales, 28% more than rostered, and a shortage of shipping space limiting exporters' ability to buy wool, combined to cancel any price benefits from a lower exchange rate.
Compared with the February 18 sale, fine crossbred fleece went against the trend, firming by up to 6% but coarse carpet full fleece and shorter shears were 3% cheaper, first lambs wool and oddments were firm to 2% easier.
Buyers were from Australian and New Zealand carpet mills, India, China the Middle East, Western Europe and the United Kingdom.
Source: odt.co.nz
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