NZ wool prices decline at auction amid limited competition, plant contamination

Thu, 21 Apr 2016

By Tina Morrison April 22 (BusinessDesk) - New Zealand wool prices declined at auction this week with limited competition from buyers as wool contaminated with plant matter was discounted. Strong wool of 39 microns dipped to $5.55 per kilogram at yesterday's South Island auction, from $5.65/kg at last week's North Island auction, and $5.75 at the previous week's South Island auction, according to AgriHQ. Strong wool, which makes up the majority of New Zealand's production, is trading about 8 percent higher than at the same time last year....

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