NZ wool prices decline as buyers favour South Island wools; lamb wool leads fall

Fri, 27 May 2016

By Tina Morrison May 27 (BusinessDesk) - New Zealand wool prices slipped at yesterday's North Island auction compared to the higher values achieved at last week's South Island selection, with lamb wool leading the fall. The coarse crossbred wool indicator declined 1 percent from last week, with the benchmark 39-micron strong wool price slipping to $5.85 per kilogram from $5.95/kg last week, AgriHQ said. The lamb wool indicator slid 2 percent, with 30-micron lamb wool falling to $5.95/kg from $6.20/kg last week. "It’s becoming more appa...

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