Related Keywords: NewZealand wool market, wool trading
The wool market appeared to be finely balanced between supply and demand factors with wools in shorter supply attracting better competition. This week wool auction comprised of 13,700 bales combined both North and South Island.
It witnessed an 83 percent clearance with an overall slightly easier market, mainly driven by a stronger New Zealand dollar compared to last sale on 5th February, according to Mr. John Dawson, General Manager of New Zealand Wool Services International Limited.
