The rising New Zealand dollar took a bite out of prices at this week's South Island wool sale.
The dollar has strengthened by 2% against a weighted index of the main wool trading currencies since last week's sale.
New Zealand Wool Services International reports that prices for most wool types fell on Thursday, reflecting the currency shift.
Compared with the last South Island sale, merino fleece prices fell by up to 6%. Fine crossbred fleece and shears were up to 3% cheaper.
Coarse crossbred fleece resisted the negative currency impact the most, because of strong demand, with prices for shorter length wool rising by 2%.
About 80% of the 14,000 bales on offer were sold.
