NZ wool auction prices continue to lag behind last year's levels

Thu, 11 May 2017

By Tina Morrison May 12 (BusinessDesk) - New Zealand's wool market continued to trade at weak levels at the latest auction. At the latest North Island auction yesterday, 37-micron wool fell 15 cents per kilogram to $3.65/kg compared with both the previous North Island auction a fortnight ago and the South Island auction last week, AgriHQ said. Prices for the fibre are 36 percent below year earlier levels, AgriHQ said. Meanwhile, the price for 30-micron lamb wool traded at $3.55/kg, up 5 cents/kg from the previous North Island auction b...

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