NZ wool prices decline as Chinese buyers absent

Fri, 19 Feb 2016

By Tina Morrison Feb. 19 (BusinessDesk) - New Zealand wool prices weakened at auction as buyers from China, the country's largest export market, were still absent for the Chinese Lunar New Year holiday period. Lamb wool, targeted by China at most auctions, fell to a nine-month low of $6.73 per kilogram at yesterday's combined North and South island auctions, from $7.03/kg last week, according to AgriHQ. Still, the price is 3 percent higher than the same time last year. Clean 35-micron wool, a benchmark for crossbred wool used for carpe...

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