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

Thu, 14 Jul 2016

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...

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