More concrete signs of sustained supply growth from major exporters means global prices have peaked in the current cycle.
Prices remained relatively steady through September on the back of a lack of cattle available to slaughter.
For the first time since the 2011/12 season, schedule prices in both islands are above NZD 7/kg.
Prices at the coarse end of the market may continue to fluctuate as the quality and volume of wool on offer varies week to week.
