The exchange rate has put a dampener on wool prices at this week's South Island sale.
After further increases in recent weeks, prices for most wool types fell as a result of the New Zealand dollar strengthening since last week's auction.
Exporter New Zealand Wool Services International reports that some merino and mid-micron prices fell by up to 6%.
Most cross bred wool prices also lost ground, with reductions ranging from 1% to 6%, although fine cross-bred fleece held firm, bolstered by continued demand from China.
Eighty percent of the 11,400 bales were sold.
