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Jamie Mackay discussed the current state of the wool market with Grant Edwards, GM of Wool at PGG Wrightson.
While the war in Ukraine had the potential to impact the market, the bigger issue was lockdowns in China.
Edwards was particularly concerned about the lockdown in Shanghai, arguably the major port in the world.
Stopping the movement of goods through China had a significant effect, as a lot of New Zealand wool went to China - especially wools with more yellow in them.