NZ wool trades at record high amid tight supply

Fri, 04 Sep 2015

By Tina Morrison Sept. 4 (BusinessDesk) - New Zealand wool is trading at record high prices, pushed up by strong demand and limited supply, though the outlook is murky. The price for clean 29-micron wool changed hands at a record $10.45 a kilogram at yesterday's North Island auction, up from $9.95/kg at the previous North Island auction on Aug. 13, according to AgriHQ. Meanwhile, the price for 27-micron wool jumped to $10.90/kg, up from $10.70/kg at the previous North Island auction and at its highest level since October 2002, AgriHQ said...

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