The more varied offering at this weeks' South Island auction saw targeted buying with better demand for the longer wools.

The ongoing fallout from the Brexit result, continued minimal activity from China and a strong New Zealand dollar have compounded to make significant inroads into local wool values.

The strong dollar, restricted off-shore interest and high volumes of one wool category on offer this week saw local prices ease.

Cavalier Wool Holdings (CWH) is 'disappointed but not surprised'.

A $21 million wool research partnership may go public on a new product or products from wool within the next six to 12 months that will use millions of tonnes of wool.

The high volume of short second shears eased slightly at the latest NZ Wool Services International's auction compared to the last North Island auction on May 12, says chief executive John Dawson.

An extra half cent will make a huge difference for wool growers.

Tekapo farmer Martin Murray can claim the country's best fleece for 2016, having won the Royal Agricultural Society Golden Fleece competition on his third attempt.

The wool industry globally needs to more actively promote the fibre's attributes.

New Zealand Wool Services International Limited's CEO John Dawson reports that targeted buying saw some types well supported at the North Island auction.