NZ lamb wool price picks up as fewer wool bales offered at auction

Thu, 23 Feb 2017

By Tina Morrison Feb. 24 (BusinessDesk) - New Zealand lamb wool prices picked up as the volume of bales offered for sale at auction declined. The price for 30-micron lamb wool increased to $3.90 a kilogram at yesterday's South Island auction, up from $3.55/kg last week, although it remains 42 percent below year-earlier levels and 29 percent down on the five-year average, according to AgriHQ. Other wool prices also lifted, with 35-micron fine crossbred fibre increasing to $3.85/kg from $3.75/kg, and stronger 39-micron crossbred wool lif...

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