A wool exporter is calling on the Government to limit the activities of currency speculators who he says are partly to blame for the high New Zealand dollar.
Fuhrman New Zealand managing director Peter Christensen says with the dollar rising 46% since mid-March the Government needs to intervene and cap the amount of New Zealand currency that speculators can hold.
Mr Christensen says wool prices paid to farmers increased slightly on average since March, but if the dollar had remained at March levels, wool would be worth $1 per kilogram more.
This would would have increased the average woolgrower's pay cheque by between $8000 and $10,000, he says.
