NZ wool market improves at double auction

Thu, 16 Mar 2017

By Tina Morrison March 17 (BusinessDesk) - New Zealand's wool market picked up at the latest weekly auctions across the North and South islands yesterday. Compared with the last double auction a fortnight ago, the average price for 30-micron lamb wool rose 25 cents to $4.25 a kilogram, while the average price for 35-micron crossbred wool increased 20 cents to $4.13/kg, according to AgriHQ. Bucking the trend, fine crossbred wool slipped 9 cents to $4.15/kg. Prices in the North Island had generally increased, while South Island prices were...

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