Related Keywords: coarse cross-bred wool, new wool selling season, NewZealand wool export, wool carpet, wool industry, wool price
The country's biggest wool exporter New Zealand Wool Services International Ltd, is expecting wool prices to hold their ground going into the new wool selling season but much depended on the currency.
According to New Zealand Wool Services International general manager John Dawson, more than half of New Zealand's wool exports have gone to China and the new uses China is finding for carpet-style wool has lead to rise in coarse wool prices.
