NZ wool prices fall as increased supply, soft demand weigh on prices

Thu, 15 Jan 2015

By Tina Morrison Jan. 16 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, fell at auction this week as higher volumes and soft demand weighed on prices. The price for 35-micron clean wool, commonly used for carpets, fell 2 percent from last week's auction to a nine-month low of $4.85 per kilogram, according to AgriHQ. In the apparel wool market, 25-micron wool fell 11 percent to a six-month low of $8.80/kg from the previous auction on Nov. 20, while lamb wool slipped to $6/kg from a...

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