NZ wool auction volumes set to climb 83% next week

Fri, 15 May 2015

By Tina Morrison May 15 (BusinessDesk) - New Zealand wool auction volumes are set to increase 83 percent next week as farmers who had been holding out for better prices put their bales on the market. Some 10,000 bales of wool are scheduled to be offered at next week’s South Island auction, up from 5,469 bales at this week's auction in the North Island yesterday and 6,346 bales on offer in the South Island last week, according to AgriHQ. "This increase is due to farmers who had previously held back, coming forward as a result of recent...

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