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Global Insight

How farmers in New Zealand shear 25,000 sheep in 10 days


Wool was once one of New Zealand's most exported products. But thanks to trade wars and synthetic fabrics, wool prices have plummeted. It's left farmers with bales of wool they can't sell and herds they can barely afford to shear. Some farmers are stockpiling wool. Some are turning to forestry and getting out of wool altogether. Insider follows the owners of Ruanui Station as they shear their 25,000 sheep and fight to keep New Zealand's wool industry alive.
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