Nervousness about the economic conditions in China appears to have had a bearing on yesterday's South Island wool sale.
Prices have dipped for the second week in a row, despite the more favourable exchange rate from a weaker New Zealand dollar.
The exporter, New Zealand Wool Services International, said this week's price slide reflected a lack of confidence in the global market, which was creating some uncertainty.
Mid micron wool sold for 1-4 percent cheaper.
Fine cross-bred wools were also down by about the same range.
However, coarse cross-bred wool prices remained firm.
Next week's North Island auction will have a smaller offering, less than 8000 bales.
