NZ wool prices slip as buyers favour South Island wools over Northern offering

Fri, 13 May 2016

By Tina Morrison May 13 (BusinessDesk) - New Zealand wool prices slipped at yesterday's North Island auction as buyers preferred last week's offering in the South Island. The coarse crossbred wool indicator dropped 2 percent from last week, reflecting differences in wool between the islands, with the benchmark 39 micron strong wool price slipping to $5.70 per kilogram from $5.85/kg last week, AgriHQ said. The lamb wool indicator sank 3 percent, with 30-micron lamb wool declining to $6.05/kg from $6.45. "Prices were generally lower than...

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