Friday, 7 October 2016

NZ wool prices mixed amid weak, volatile demand

New Zealand wool prices were mixed at the latest weekly auction amid targeted buying, as demand remains soft so far this season.

The price for 25-micron merino wool at yesterday’s South Island auction advanced to $11.30 per kilogram from $11.20/kg at the previous comparable South Island auction two weeks ago, although it’s 7 percent below the same period last year, according to AgriHQ. Coarser mid-micron wool declined, with 29-micron wool sliding to $6.70/kg from $7.30/kg at the previous comparable auction, down 36 percent from last year’s level.



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