NZ lamb wool weakens further at auction

Fri, 10 Feb 2017

By Tina Morrison Feb. 10 (BusinessDesk) - New Zealand lamb wool prices continued to decline at this week's auction amid lacklustre demand during the peak production period. The price for 30-micron lamb wool dropped to $3.20 a kilogram at yesterday's North Island auction, down from $3.25/kg last week, according to AgriHQ. The price for 37-micron crossbred fleece also slipped by 5 cents to $3.40/kg from the previous comparable auction, AgriHQ said. New Zealand is at the tail end of its main sheep shearing season which runs from December...

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