rivettingKateTaylor

Wow! Something good aBout wool was the first thing I saw on the headlines this morning. How long has it been? 🙂

Stuff.co.nz says Strong dairy prices and rocketing wool prices helped lift the terms of trade to a 37-year high in the June quarter.

It says “The key gains in export prices were dairy, up 4.5 per cent, oil export prices, up almost 13 per cent, meat, almost 3 per cent, and wool, up more than 12 per cent. Wool prices have risen more than 58 per cent in the past year to their best levels since 1989. The annual rise in wool prices was the biggest since the mid-1970s.”

Fantastic!