NZ wool exports jump to the highest in more than a decade in June, helped by low kiwi, Chinese demand

Tue, 04 Aug 2015

By Tina Morrison Aug. 4 (BusinessDesk) - New Zealand wool exports jumped to their highest level in more than a decade in June, aided by a lower currency and strong demand from China, the nation's largest market. Wool exports rose 19 percent to $75 million in June from the same month a year earlier and reaching the highest level for a June month since 1994, according to Statistics New Zealand data. Exports to China, which account for two thirds of the total, jumped 34 percent to $50 million. "The main driver of the increase in value is...

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