NZ wool prices slip on higher kiwi dollar, reduced demand from China

Fri, 05 Feb 2016

By Tina Morrison Feb. 5 (BusinessDesk) - New Zealand wool prices declined as an increase in the kiwi dollar made the country's exports less attractive. 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, slipped to $5.74 per kilogram at yesterday's combined North and South Island wool auctions, from $5.95/kg last week, according to AgriHQ. Lamb wool declined to $7.14/kg from $7.25/kg last week. A stronger New Zealand dollar makes the country's...

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