NZ wool prices fall at auction on stronger kiwi dollar, mixed quality

Fri, 01 Jul 2016

By Tina Morrison July 1 (BusinessDesk) - New Zealand wool prices fell at yesterday's South Island auction, hurt by a stronger local currency and mixed fibre quality. The 35-micron strong wool price slid to $5.55 per kilogram, down 30 cents/kg from the previous two weekly auctions and 9 cents/kg below the five-year average, AgriHQ said. The price for 39-micron wool increased 5 cents/kg to $5.55/kg from last week's North Island auction but was down 25 cents/kg from the comparable South Island auction the previous week. The price of 30-micr...

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