NZ lamb wool prices fall from 4-year high as higher kiwi makes local wool more costly

Sun, 22 Mar 2015

By Tina Morrison March 23 (BusinessDesk) - New Zealand lamb wool prices fell from a four-year high at auction last week as a rising local currency made the fibre more expensive for overseas buyers. The price for clean lamb wool slipped 2.3 percent to $6.50 per kilogram from the previous week's auction, which was the highest since February 2011, according to AgriHQ. The average price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, was unchanged at $5.25/...

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