The New Zealand Merino Company, which sells almost 80 percent of fine wool clip as a representative of farmers, is in its third year of auctioning the wool in Melbourne.
Company sources said that it expected to get an increased premium than by selling it locally.
The company has kept 1,200 bales in Melbourne for the auction with the Commercial Manager, Keith Ovens informing that some lines had got quite higher prices when compared to last year.
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