NZ wool prices mixed amid larger volumes, weaker currency

Fri, 15 Jan 2016

By Tina Morrison Jan. 15 (BusinessDesk) - New Zealand wool prices were mixed at the latest weekly auctions as larger volumes during a seasonal peak offset some of the benefits of a weaker currency. 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, edged up to an average $5.87 per kilogram at yesterday's wool auctions, ahead of $5.80/kg at auction last week, and 15 percent up on the same time last year, according to AgriHQ. Meanwhile, lamb wool h...

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