NZ finishes 2014/15 wool season with smallest volume sold at auction in at least 7 years

Fri, 26 Jun 2015

By Tina Morrison June 26 (BusinessDesk) - New Zealand's 2014/15 wool season ended this week with what is expected to be the smallest percentage of the clip sold through auctions in at least seven years, as more farmers were attracted to the premium prices and protection from commodity price volatility offered in private sales. The auction system's share of wool is expected to continue to shrink. An estimated 464,000 bales are expected to come up for auction in the 2015/16 year, down from 480,000 bales in 2014/15 and 493,000 bales in 2013/...

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