NZ wool prices slip at auction as higher kiwi dollar dents demand

Thu, 31 Mar 2016

By Tina Morrison April 1 (BusinessDesk) - New Zealand wool prices slipped at this week's auction as a higher New Zealand dollar made the fibre less attractive to overseas buyers. Coarse crossbred wool declined to $5.53 per kilogram at yesterday's North Island auction from $5.69/kg at last week's South Island auction, according to AgriHQ. Lamb wool slid to $6.15/kg from $6.41/kg last week. The New Zealand dollar has strengthened over the past week, pushing above 69 US cents and hitting its highest level in nine months, as traders pulled...

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