The exchange rate had its way with prices at this week's combined North and South Island wool sale.
A stronger New Zealand dollar trimmed returns for most of the wools on offer.
Cross-bred fleece and shears were two-to-four percent cheaper. Lambs wool was also down by up to three percent.
More than 21,000 bales were up for auction and 87 percent sold.
A strengthening New Zealand dollar has clipped prices at this week's wool sale, with the exchange rate reducing returns for most of the wool on offer.
The first wool sales of the new year have produced muted results, with prices for most lines of wool falling and some offerings failing to meet reserve prices.
Prices at this week's South Island wool sale have firmed up a bit, after taking a hit from a rising New Zealand dollar at last week's North Island auction.
Wool prices have taken a hit from the rising New Zealand dollar. Prices fell across the board at this week's sale of North Island wool.
Wool prices fell at yesterday's North Island sale, driven by a drop in demand and a rapid shift in the exchange rate. More than a quarter of the 7000 bales on offer was passed in.
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