Uncertainty in world financial markets took its toll again on wool prices at Thursday's North Island sale.
New Zealand Wool Services International reports prices rose between 2% - 4% on average.
But the country's biggest exporter says that captured only about half the value of a weaker New Zealand dollar, which has dropped by more than 8% on a weighed indicator basis, against the main wool trading currencies since last week's sale.
Fine crossbred and hogget wool prices gained 4% - 6% at Thursday's sale in Napier.
Good style coarse carpet fleece and shears strengthened by 2% - 3%, but but poorer styles dropped 2% - 3%.
Wool Services International says the failure of wool prices to fully capitalise on the weaker New Zealand dollar reflected the on-going unease and stagnation caused by the turmoil in finance markets.
Some 13% of the 10,000 bales of wool put up for auction were passed in.
Sale prices fell across the board at last week's South Island sale when more than 40% of the offering failed to sell.
