NZ wool auction volumes fall to 2-year low amid seasonal lull

Fri, 01 May 2015

By Tina Morrison May 1 (BusinessDesk) - New Zealand wool sold at auction declined to the lowest level in two years following the end of the main shearing season. Some 4,700 bales were on offer at yesterday's North Island auction, down from 9,265 bales on offer at the South Island event the previous week, the lowest level since May 2, 2013, according to AgriHQ. New Zealand is coming off its seasonal peak, following the end of the main shearing season from December to early February. Auctions are now alternating between the North and South...

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