NZ wool market improves at weekly auction on increased Chinese buying

Thu, 24 Aug 2017

By Tina Morrison Aug. 25 (BusinessDesk) - New Zealand wool prices and sale clearance rates continued to improve at the latest weekly auction, as buying interest picked up from China, the largest buyer of the fibre. Some 91 percent of the 7,241 wool bales offered at yesterday's North Island auction were sold, and prices lifted for most styles of wool on offer with the coarse crossbred wool indicator up 4 cents to $2.86 a kilogram, AgriHQ said. The New Zealand wool market is showing signs of picking up this season after coarse wool price...

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