NZ wool gains as price declines lure Chinese buyers

Fri, 06 Nov 2015

By Tina Morrison Nov. 6 (BusinessDesk) - New Zealand wool rose at auction as a drop in the local currency and last month's price declines lured buyers from China, the country's biggest wool buyer. The price for clean 27-micron wool rose to $9.55 a kilogram at yesterday's South Island auction, from $8.85/kg the previous week, according to AgriHQ. Meanwhile, the price for 29-micron wool increased to $9.25/kg from $8.50/kg, and 35-micron wool gained to $6/kg from $5.70/kg, AgriHQ said. Wool auction prices in New Zealand softened through O...

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