Friday, 19 August 2016

NZ wool prices drop at auction as demand softens during European holiday period

The European summer holiday period kept some wool buyers out of the New Zealand market this week, denting demand for fine crossbred wool.

The price for 35-micron wool fell to $5.50 a kilogram at yesterday’s South Island wool auction from $5.55/kg when it was last traded at the previous South Island auction two weeks ago, according to AgriHQ.



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