NZ wool prices hold firm even with largest buyer China absent

Fri, 12 Feb 2016

By Tina Morrison Feb. 12 (BusinessDesk) - New Zealand wool prices held firm at auction even though buyers from China, the country's largest export market, were absent due to the Chinese Lunar New Year holiday this week. 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, advanced to $5.81 per kilogram at yesterday's combined North and South Island wool auctions, from $5.74/kg at last week's auctions, according to AgriHQ. That's 14 percent higher...

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