NZ wool prices decline at auction as demand wanes

Thu, 24 Mar 2016

By Tina Morrison March 24 (BusinessDesk) - New Zealand wool prices eased at this week's auction as buyers sourced their immediate needs to meet their contracts with volumes tapering off following the end of the peak shearing season. Coarse crossbred wool, of between 36 to 39 microns, was steady to 4 percent cheaper at an average $5.69 per kilogram at yesterday's South Island auction, compared with last week's combined North and South island auctions, according to AgriHQ. Still, it remains about 80 cents per kilogram higher than a year ago...

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