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This week The Country's Jamie Mackay is joined by PGG Wrightson's Bloch and Behrens General Manager, Palle Petersen, to take a look at the wool market this month.
According to MPI, New Zealand's food and fibre exports were forecast to exceed $50 billion NZD - however, there was no mention of wool exports, Mackay said.
Wool was at an all-time low during last year's lockdown with prices dropping below a dollar per kilo.
Mackay said even with the price increase over the past 12 months, it was not enough to sustain the wool market.