In Season 7.04.12

A disastrous grape harvest in New Zealand is affecting wine prices. "The days of quality Marlborough sauvignon blanc being available for less than $10 a bottle are ending,' Fairfax NZ News reports. This year's sauvignon blanc harvest is down 19% compared to last year's, and total production of all varieties in Marlborough, the country's main wine region, is down 23%. [stuff.co.nz]

Slumping demand for sheepskin boots like the class Austrailian ugg has triggered a global collapse for sheepskin prices. The best quality skins, which used to go for $30 a piece, are now selling for as little as $10. Global warming may be partly to blame, as winters in the northern hemisphere have been unusually mild.[Stock&Land]

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