NZ wool prices steady at latest auction as volumes decline, kiwi gains

Mon, 20 Apr 2015

By Tina Morrison April 20 (BusinessDesk) - New Zealand wool prices remained steady at the latest weekly auction as volumes decline following the end of the main shearing season. 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, was unchanged at $5.35 per kilogram at last Thursday's North Island auction, according to AgriHQ. Lamb wool slipped 2.3 percent to $6.30/kg but remains 30 percent higher than it was a year ago. Some 5,837 bales of wool...

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