Related Keywords: New Zealand wool, sheep population in new Zealand, wool importers in china, wool markets, wool prices
Wool prices in New Zealand held firm at auction this week although buyers from China were absent due to the Lunar New Year holidays. China is country's largest export market. 35-micron wool price, a benchmark for crossbred wool used for carpets and accounting for the majority of New Zealand's production, rose to NZ$5.81 a kg at combined North and South Island wool auctions, from NZ$5.74 a kg last week. This also implies a 14% increase over the year. About 83% of the 12,024 bales of wool on offer were sold.
