NZ wool market improves at weekly auction

Thu, 17 Aug 2017

By Tina Morrison Aug. 18 (BusinessDesk) - New Zealand wool prices and sale clearance rates lifted at the latest weekly auction. Some 83 percent of the 8,251 wool bales offered at yesterday's South Island auction were sold, and prices lifted for all styles of wool on offer with the coarse crossbred wool indicator up 9 cents to $2.82 a kilogram, AgriHQ said. "Compared to prices at the South Island sale last week, all prices were strong," said AgriHQ analyst Sam Laurenson. "Continued upward movement is crucial for the wool market with al...

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