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
The Rural Report on Heather do for see.
Speaker 2 (00:04):
Alan Drive Hamous MacKaye, who's hosting the country for Jamie
McKay this week, is with us ala.
Speaker 3 (00:08):
Amish Hi Heather.
Speaker 2 (00:11):
So, why is the price of wool going up?
Speaker 3 (00:13):
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.
Speaker 1 (00:21):
Not only through the youth. About back to the fees
to have noted such a spike in overall will prices
and that was driven by the Chinese military back in
that time, snapping up every kilogram or pound of wool
as it was back in the day to reclose the military.
(00:44):
Now that's what's happening again. They're doing a big refit
of their what four million sort of military members, So
woolen coats, imagine you know, woolen carpets for the tanks,
all those sorts of things. Yeah, so there's no sort
of haggling or anything going on. They're buying up everything.
So it would be nice if its philters across this
side at the Tasman. And the last time it was
(01:05):
that 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 catalog. I'm up in the matter with two, so
you go. It's again hopefully.
Speaker 2 (01:18):
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 (01:26):
Ah, I'll cheer you picture.
Speaker 1 (01:28):
I just think it's a great competitive sport.
Speaker 4 (01:31):
And that's actually hilarious.
Speaker 2 (01:39):
It's a great competitive sport.
Speaker 4 (01:40):
And cut.
Speaker 2 (01:41):
He's gone, He's got.
Speaker 4 (01:43):
That's it, go by, Hamish. Thanks for trying.
Speaker 2 (01:45):
Hamish is driving on the desert road around Wood at
the moment, so there's no surprise it with mister. For
more from Heather Duplessy Allen Drive, listen live to news Talks.
It'd be from four pm weekdays, or follow the podcast
on iHeart Radio out
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