NZ lamb wool prices slump amid weak demand during peak production period

Mon, 06 Feb 2017

By Tina Morrison Feb. 7 (BusinessDesk) - New Zealand lamb wool, which was trading at a record high last season, has slumped by more than 50 percent at recent auctions amid weak demand during the peak production period. The price for 30-micron lamb wool dropped to $3.25 a kilogram at last week's North Island auction, down from $3.60/kg the previous week and $7.25/kg at the same time last year. The price fell to $3.50/kg at the South Island auction, from $3.90/kg the previous week and $7.35/kg a year earlier, according to AgriHQ. Lamb wool...

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