NZ wool prices little changed on limited supply, strong demand, lower currency

Fri, 07 Aug 2015

By Tina Morrison Aug. 7 (BusinessDesk) - New Zealand wool prices were little changed at the latest auction, with prices underpinned by limited supply, strong demand and a lower currency. The price for 35-micron wool, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand’s production, was unchanged at $6.15 per kilogram at yesterday’s South Island auction from last week’s North Island auction, according to AgriHQ. The price for lamb wool held at $7.20/kg. Wool prices are buoyant during a typicall...

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