NZ wool market improves at weekly auction

Fri, 03 Mar 2017

By Tina Morrison March 3 (BusinessDesk) - New Zealand's wool market picked up at the latest weekly auction, achieving the highest clearance rate this year, on increased volumes. Some 15,209 bales were offered at yesterday's double sale across the North and South islands, with 89 percent sold, the highest clearance rate since Dec. 22, according to AgriHQ. At the last double sale event a fortnight ago, 2,500 bales were withdrawn by growers prior to auction, with 77 percent of the remaining 13,000 sales being sold. New Zealand is at the t...

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