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SI wool prices rise Merino the winner
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The drought ravaging the Australian sheep flock is creating higher
prices for South Island merino wool, but the larger lever for upward
prices is that Australia no longer has significant wool stockpiles
capable of meeting market demand, New Zealand wool industry players
say.
"It is not so much the drought fuelling the lift in prices, but
there appears to be a shortage of wool fibre internationally," said
Malcolm Ching, manager of rural services at NZ Wool Services
International Ltd. <...
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