Wool prices have seen a significant rise this week, and there's a few key factors behind this development.
Currently, wool prices are on the longest rise since 1987 - and while these prices are mostly benefitting Australian farmers, there's hope Kiwis could benefit from this demand too.
The Country's Hamish McKay explained further.
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Episode Transcript
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The Rural Report on Heather do for see Allen.
Speaker 2 (00:21):
Dve Hamous mckaye, who's hosting the Country for Jamie mackay
this week is with us ala.
Speaker 3 (00:25):
Amish Hi Heather.
Speaker 2 (00:27):
So, why is the price of wool going up?
Speaker 3 (00:30):
Well, it's starting to eage Ford here, but the big
move is across the Tasman and we're hoping that it
will come over here and not only through these back
to the fees to have noted such a spike in
overall wall prices, and that was driven by the Chinese
(00:52):
military back in that time, snapping up every kilogram or
pound of wall as it was back in the day
to reclose the military. Now that's what's happening again. They
are doing a big refit of their what four million
sort of military members, So woolen coats, so imagine you know,
woolen carpets for the tanks, all those sorts of things. Yeah,
(01:13):
so there's no sort of haggling or anything going on.
They're buying up everything. So it would be nice if
it filters across this side of the Tasman and the
last time it was it did and that was back
in the fifties. And I know because my dad told
me that he got seen off the board. Him and
his father put a catag I'm up from the matter
with two, so you go. It's again hopefully.
Speaker 2 (01:34):
I'm terrified, Hamish, because you're your receptions cutting in and
out that we're going to lose you. But so before
we do, give me your biggest patch for why sharing
should be at the Olympics.
Speaker 3 (01:43):
Ah oh schee, you pitch it. I just think it's
a great competitive sport.
Speaker 4 (01:48):
And that's actually hilarious.
Speaker 2 (01:56):
It's a great competitive sport. And cut, he's gone, He's gone.
Speaker 4 (02:00):
That's it.
Speaker 2 (02:00):
Go buy Hamish, thanks for trying. Hamish is driving on
the desert road around WAYOU at the moment, so there's
no surprise it with mister.
Speaker 1 (02:08):
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