NZ wool prices gain at auction as buyers favour wider South Island selection

Fri, 29 Jul 2016

By Tina Morrison July 29 (BusinessDesk) - New Zealand wool prices gained at yesterday's South Island auction on increased demand and a wide selection of wool on offer. Prices increased across a broad range of wool types, led by mid-micron wool with the indicator price showing a 9 percent premium on the previous auction, AgriHQ said. Some 85 percent of the 7,700 bales on offer were sold at auction, the highest clearance rate since the end of May. The country's weekly wool auctions generally alternate between the North and South islands,...

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