[2 November/New Zealand Herald]

ASB Senior Rural Economist Nathan Penny said that the worst appeared to be over for wool prices, as they increased 25 percent since record low levels in July this year.  However, he also warned that the industry was not out of the woods just yet, as prices remain below the 10-year average level. He was optimistic about prices over the next few months, and expected a gradual rise in prices as global growth and demand improved while supply remained low.