NZ wool prices rise; lamb wool returns to record levels

Fri, 22 Jan 2016

By Tina Morrison Jan. 22 (BusinessDesk) - New Zealand wool prices rose at auction yesterday, with lamb wool matching its all-time high, as a lower currency and diminishing supplies underpin demand. Lamb wool climbed to $7.50 per kilogram at yesterday's North Island auction, up from $7.30/kg last week and matching its record high set in November, according to AgriHQ. 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 $5.90/kg from an a...

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