NZ wool market continues to pick up at weekly auction

Thu, 07 Sep 2017

By Tina Morrison Sept. 8 (BusinessDesk) - New Zealand's wool market continued to improve at the latest weekly auction, as demand picked up from China, the largest buyer of the fibre, and a decline in the local currency made trading more attractive. Some 91 percent of the 8,047 wool bales offered at yesterday's North Island auction were sold, and prices lifted for most styles of wool with the coarse crossbred wool indicator increasing to $3.05 a kilogram, up 6 cents from last week's South Island auction and 19 cents higher than the previou...

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