NZ wool prices jump to multi-year high at auction, amid strong exporter demand

Fri, 22 May 2015

By Tina Morrison May 22 (BusinessDesk) - New Zealand wool prices jumped to multi-year highs at auction even as the volume on offer rose 78 percent, amid strong demand from exporters. 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, rose to $6.20 per kilogram at yesterday's South Island auction, from $5.80/kg in the North Island auction last week, and reaching its highest level since November 2013, according to AgriHQ. Lamb wool jumped to $6.90/...

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