NZ wool prices fall on high seasonal supply, strong currency

Fri, 09 Jan 2015

By Tina Morrison Jan. 9 (BusinessDesk) - New Zealand crossbred wool, which accounts for the majority of the country's production, declined 3 percent at the latest auction as high seasonal supply and a strong local currency weighed on prices. The price for 35-micron clean wool, commonly used for carpets, fell to $4.95 per kilogram at this week's North Island auction, down from $5.10/kg at the previous auction on Dec. 18, according to AgriHQ. Wool prices softened at the latest auction amid high seasonal supply from the 'main shear' shear...

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