New Zealand Wool Prices Hit Highest Levels Since 2011 Amid Tight Supply and Surging Demand
Strong competition and tightening supply have seen wool reach its highest prices paid at auction since 2011.
"Let's have wool!" he said.
He was duly quoted for "medium-quality wool carpet", $104 per square metre plus install costs.
"The carpet salesman took great delight in telling us that there are 48 ounces of wool per square yard. That's roughly 1.3kg of wool per square metre."
Based on current average crossbred prices of about $3.00/kg, our good keen man reckons the farmer's getting a bit under $4 per square metre for that $104 piece of carpet.
"Looks like wool farmers are being 'fleeced' - that's a hell of a mark up!" he said.
