NZ lamb wool price jumps to 3 1/2 year high on increased demand

Fri, 30 Jan 2015

By Tina Morrison Jan. 30 (BusinessDesk) - New Zealand lamb wool prices rose to a three-and-a-half year high at auctions this week on increased demand for the fibre used in clothing, as buyers benefited from a decline in the local currency. The price for lamb wool in the North Island auction jumped 30 cents to $6.40 per kilogram, from last week's North Island auction, while the South Island auction price rose to $6.25/kg on lower volumes, according to AgriHQ. The prices are the highest for lamb wool since July 2011. The price for 35-mic...

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