NZ wool prices advance on lower kiwi, increased demand

Thu, 07 Apr 2016

By Tina Morrison April 8 (BusinessDesk) - New Zealand wool prices advanced at this week's auction as a lower kiwi dollar and increased competition for specific fibres bolstered demand. Strong wool of 39 microns rose to $5.75 per kilogram at yesterday's South Island auction, from $5.70/kg at last week's North Island auction, according to AgriHQ. Strong wool, which makes up the majority of New Zealand's production, is trading about 14 percent higher than at the same time last year. Lamb wool of 30 microns gained to $6.40/kg from $6.10/kg...

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