Related Keywords: Christchurch wool sale, crossbred prices, Crossbred wool prices continue to slump, fashion changes mainly in Asian countries, finer wools strike, Higher stock levels, limited offering of fine mid-micron, lower UK pound, merino wools, resulted in dramatic fall, rising market, textile pipeline, to a low unseen
Higher stock levels in the textile pipeline resulting from fashion changes mainly in Asian countries and a lower UK pound has resulted in a dramatic fall in crossbred prices the past six months. Crossbred wool prices continue to slump to a low unseen since the 2012/13 season as finer wools strike a rising market.
At the Christchurch wool sale last week, wool prices prices were mixed for a small offering compared with the last sale on November 17.
