New Zealand wool prices roseĀ at the latest auction as a decline in the local currency made it more attractive for overseas buyers. 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, rose to $5.90 per kilogram at yesterday’s South Island auction, from $5.75/kg in last week’s …
Read More »Tag Archives: wool
NZ lamb wool prices fall from 4-year high as higher kiwi makes local wool more costly
New Zealand lamb wool prices fell from a four-year high at auction last week as a rising local currency made the fibre more expensive for overseas buyers. The price for clean lamb wool slipped 2.3 percent to $6.50 per kilogram from the previous week’s auction, which was the highest since February 2011, according to AgriHQ. The average price for …
Read More »