NZ wool auction volumes at 6 year low in 2015/16 season

Sun, 10 Jul 2016

By Tina Morrison July 11 (BusinessDesk) - New Zealand's 2015/16 wool auction season attracted the lowest volume in at least six years, reflecting a decline in the national sheep flock and as farmers sold wool through private contracts. Some 445,477 bales were offered at auction in the year through June, 4.9 percent below the 468,165 bales offered at auction a year earlier and the lowest level since AgriHQ began collecting the data in the 2009/10 season. The latest seasonal data is 18 percent below the five-year average, AgriHQ said. De...

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