NZ wool market starts new season on 'weak note' due to US/China trade war

Thu, 16 Aug 2018

By Tina Morrison Aug. 17 (BusinessDesk) - The New Zealand wool market started the new season on "a very weak note" due to concerns about US tariffs on Chinese products, according to AgriHQ's latest monthly report on the sheep & beef sector. The 2017/18 wool auction season, which ended June 30, had shown some improvement on the prior year. That helped clear stockpiles built up after demand from China, the biggest market for New Zealand's largely strong crossbred wool clip, dried up as fashion favoured finer wools such as Merino. However...

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