NZ's weak wool market shows some improvement at weekly auction

Thu, 23 Mar 2017

By Tina Morrison March 24 (BusinessDesk) - The weak wool market showed some improvement at the latest New Zealand weekly auction in the South Island yesterday. The average price for 37-micron crossbred fleece rose 5 cents to $4.15 a kilogram from last week's sale, according to AgriHQ. Finer 28-micron lamb wool increased 15 cents to $4.85/kg, while coarser 30-micron lamb wool fell 15 cents to $4.20/kg, resulting in the lamb wool indicator holding steady for the week, AgriHQ said. New Zealand is at the tail end of its main sheep shearing...

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