NZ lamb wool price rises to record amid strong demand, limited supply

Thu, 04 Jun 2015

By Tina Morrison June 5 (BusinessDesk) - New Zealand lamb wool prices jumped to a record high amid strong demand from exporters and limited supplies. Lamb wool climbed to $7.45 per kilogram at yesterday's South Island auction, from $7/kg at last week's North Island auction, the highest price that AgriHQ has recorded since it began collecting wool prices in July 2005. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, held at $6.20/kg for a third...

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