NZ wool prices fall to lowest level in more than a year amid weak Chinese demand

Fri, 16 Sep 2016

By Tina Morrison Sept. 16 (BusinessDesk) - New Zealand wool prices fell to their lowest level in more than a year amid weak demand from China, the country's largest export market. The price for fine crossbred wool slid at yesterday's North Island auction, with 35-micron fibre declining to $5 a kilogram from $5.25/kg at last week's South Island auction, $5.40/kg at the comparable North Island auction two weeks ago, and $6.55/kg a year ago, according to AgriHQ. That's the lowest level for the fibre since January 2015. The price for stron...

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