NZ lamb wool rises to record high heading into new season amid strong Chinese demand

Fri, 20 Nov 2015

By Tina Morrison Nov. 20 (BusinessDesk) - New Zealand lamb wool prices jumped to a fresh record high heading into the new season amid strong demand from China. Lamb wool climbed to $7.50 per kilogram at yesterday's South Island auction, beating the previous record price of $7.45/kg set in June this year, and marking the highest price that AgriHQ has recorded since it began collecting wool prices in July 2005. New Zealand's lamb wool season is just starting to pick up, with most of the trading usually occurring between December and Febr...

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