NZ wool prices slip on higher auction volumes

Fri, 04 Mar 2016

By Tina Morrison March 4 (BusinessDesk) - New Zealand wool prices slipped at auction yesterday on higher volumes. 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, sank to $5.85 per kilogram at auction yesterday, from $5.95/kg last week, according to AgriHQ. Lambs wool dropped for the sixth straight week to $6.45/kg, from $6.60/kg last week, but remains 5 cents/kg higher than a year ago. Still, the prices at auction exceeded expectations give...

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