NZ wool prices hold at elevated levels as volumes decline

Fri, 29 May 2015

By Tina Morrison May 29 (BusinessDesk) - New Zealand wool prices remained elevated at auction this week, with lamb wool touching a fresh four-year high, as less wool was offered for sale. Lamb wool jumped to $7 per kilogram at yesterday's North Island auction, from $6.90/kg at last week's South Island auction, marking its highest level since March 2011, according to AgriHQ. The price for clean 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, held at $6.20/kg, its...

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