NZ wool market mixed amid targeted buying

Fri, 06 Mar 2015

By Tina Morrison March 6 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, rose to a three-and-a-half month high this week on lower volumes. The price for 35-micron clean wool, commonly used for carpets, advanced 3.9 percent to $5.35 per kilogram, the highest level since Nov. 20, according to AgriHQ. The wool type only sold in the South Island this week, with the lower supply bolstering the price as other strong wool types declined in auctions across both islands. Some 21,228 bale...

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