NZ wool prices decline at auction amid stronger kiwi dollar, soft global demand

NZ wool prices decline at auction amid stronger kiwi dollar, soft global demand
Tina Morrison
By Tina Morrison July 15 (BusinessDesk) - New Zealand wool prices weakened at auction as a strong local currency and soft global demand weighed on buyer appetite. The 35-micron crossbred fleece price slid to $5.40 per kilogram at yesterday's South Island auction, from $5.55/kg at the comparable South Island auction two weeks ago, AgriHQ said. The price is 35 cents/kg lower than a year earlier and 26c/kg below the five-year average. The price for 37-micron strong crossbred wool also traded at $5.40/kg, down 15c/kg on the comparable auct...