Heather du Plessis-Allan

So the wool sector is continuing its rebound.

The latest wool auction prices came in at between $6.50 roughly and $6.80 a kilo, which is the best returns they've seen in about 15 years.

Richard Dawkins is the Federated Farmers' Meat and Wool Chair.

And with us, morning, Richard.

So what are we putting this down to?

Is it the war in the Middle East that's helping?

Yeah.

I mean, so obviously the war in the Middle East is not going to go on forever.

So do you think that the little rebound you're seeing in prices as a result of it may continue?

Yeah, I think that's probably true.

I see some of the wool actually broke through the $7 mark, which is remarkable.

When was the last time you saw that happen?

What makes it Breakthrough 7?

So if everything else is sort of 650, 680, why is that particular wool 7?

Now, PGG writes and reckons part of what has helped is getting everybody together in Christchurch in that new auction room.

Do you reckon that's part of it?

Do you reckon this is good enough news for the farmers to rebuild their flocks again?

Yeah, Richard, thanks very much for talking us through it.

Have a good day.

China has reportedly sanctioned four New Zealand MPs for visiting Taiwan last month.