NZ lamb wool price rises to 3-year high on increased demand

Tue, 27 Jan 2015

By Tina Morrison Jan. 27 (BusinessDesk) - New Zealand lamb wool prices rose to a three-year high last week on increased demand for the fibre from clothing manufacturers in China. The price for lamb wool jumped 10 cents to $6.10 per kilogram at last week's North Island auction, matching a price last seen in January 2012, according to AgriHQ. The price for 35-micron clean wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, was steady at $4.85/kg compared with the average price i...

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