NZ lamb wool prices fall as lower Aussie dollar lures Chinese buyers

Thu, 02 Apr 2015

By Tina Morrison April 2 (BusinessDesk) - New Zealand lamb wool prices fell as Chinese buyers of the fibre favoured the Australian market as a decline in the Aussie dollar made that country's prices more competitive. The price for clean lamb wool slipped 1.6 percent to $6.35 per kilogram at auction in the North Island yesterday from the previous week's South Island auction, according to AgriHQ. 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, e...

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