August 27, 2004
August 27, 2004 -- This week, the first lots of New Zealand wool were sold in Australian auction rooms. Just over 1,000 bales of mostly fine wool were offered to buyers in Melbourne.
?It was the finer New Zealand wools that caught the attention of the buyers, with two bales measuring 15.3 microns fetching 2,480 cents a kg,? reported the Australian Broadcasting Corp.
The next offering of New Zealand wool will be in two weeks and will be twice the size, at 2,000 bales.