NZ wool prices ease in first sale of 2015/16 season amid weaker demand

Thu, 09 Jul 2015

By Tina Morrison July 10 (BusinessDesk) - New Zealand wool prices eased in the first sale of the new 2015/16 season as demand weakened. 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 $5.75 per kilogram at yesterday's North Island auction, from $5.80/kg at the last auction of the 2014/15 season on June 25, according to AgriHQ. The price for lamb wool was unchanged at $7.20/kg. Wool prices softened at the latest auction even as a...

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