NZ wool prices rise in first auction of 2016, underpinned by lower kiwi dollar

Fri, 08 Jan 2016

By Tina Morrison Jan. 8 (BusinessDesk) - New Zealand wool prices rose at the first auction following the Christmas and New Year holiday period, helped by the lower New Zealand dollar. 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 $5.80 per kilogram at yesterday's North Island auction, from $5.70/kg at the previous combined North and South Island auctions on Dec. 17, according to AgriHQ. Wool auction volumes have increased, reflec...

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