NZ wool prices fall at weekly auction as supply exceeds expectations

Thu, 08 Dec 2016

By Tina Morrison Dec. 9 (BusinessDesk) - New Zealand wool prices fell at the latest weekly auction as more bales than expected were offered for sale. Some 59 percent of bales at the North Island auction yesterday comprised strong crossbred wool. The benchmark price for 39-micron wool fell to $3.90 per kilogram, which is 20 cents/kg below the comparable North Island auction two weeks ago and 60 cents/kg below last week's South Island auction, according to AgriHQ. The price is 34 percent lower than the same period last year and 28 percent w...

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