NZ wool prices slip at auction as buyers shun plant contamination

Thu, 14 Apr 2016

By Tina Morrison April 15 (BusinessDesk) - New Zealand wool prices slipped at auction this week as buyers mark down poorer quality fibre with excessive vegetable matter. Strong wool of 39 microns dipped to $5.65 per kilogram at yesterday's North Island auction, from $5.75/kg at last week's South Island auction, according to AgriHQ. Strong wool, which makes up the majority of New Zealand's production, is trading about 14 percent higher than at the same time last year. Lamb wool of 30 microns fell to $6.20/kg from $6.40/kg last week, an...

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