NZ wool market shows signs of life in latest auction

Thu, 13 Jul 2017

By Rebecca Howard July 13 (BusinessDesk) - New Zealand's wool market picked up from its recent doldrums at the latest South Island auction as a weaker dollar and wider range of wool types on offer helped to lift prices at a more robust clearance rate. Some 77 percent of the 4,432 bales offered were cleared, ahead of last season's clearance rate to date of 58 percent, while prices were largely higher than last week's North Island sale, AgriHQ said. The coarse crossbred indicator showed prices rose 9 cents to $2.76 per kilogram as the longe...

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