NZ wool prices ease from highs in latest auction

Fri, 12 Jun 2015

By Tina Morrison June 12 (BusinessDesk) - New Zealand wool prices eased from recent highs at auction this week as shorter wool failed to attract the same premium as longer wool on offer the previous week. Lamb wool slipped to $7.40 per kilogram at yesterday's North Island auction, from a record $7.45/kg at the South Island auction the previous week, according to AgriHQ. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, declined to $6/kg, snappin...

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