Home / Knowledge / News / Textiles / New wool season opens in Port Elizabeth
New wool season opens in Port Elizabeth
16
Aug '11
The 2011/12 wool season commences on Wednesday (17 August) when approximately 14 000 bales will be on offer at auction in Port Elizabeth. The season opens amid uncertainty about the world economy and the debt crisis in the USA and Euro-zone countries, which may have a dampening effect on prices. Local traders, however, expect the market to remain strong.

The past season has been one of the best seasons for the South African wool industry in decades. The Cape Wools Merino indicator gained 68% to close at R97,29c kg (clean wool), the highest level since the late 1980s, following the strong demand for wool.

This happened despite the relative strength of the rand. In dollar terms, the market's performance was even more impressive, with the indicator up 82% by season's end.

In total, 99% of the 284 826 bales offered was sold. The total sales value amounted to R1,67 billion, an increase of almost 30% compared with the previous season. Production for 2010/11 is estimated at 46,1 million kg, which is down 4,4% on the previous season.

Production for 2011/12 is expected to remain at around this level.

The Department of Agriculture, Forestry and Fisheries and the Chinese authorities have reached an agreement to reduce the waiting period for the export of unprocessed wool from districts that were affected by Rift Valley Fever (RVF) to three months. The Department is awaiting final diplomatic confirmation from China.

The Department presently stipulates that the three-month waiting period come into effect after a district has been officially declared free of the disease while the Chinese have agreed that the waiting period could start three months after the last reported outbreak. It is hoped that the Department will consider using the last reported outbreak date.

The present situation is that all wool from RVF-free areas shorn this year qualifies for export to China. Wool that was shorn while a district was still regarded as RVF affected, will not qualify. Such wool, however, can still be exported to other countries.

Cape Wools has appealed to producers to vaccinate their animals against RVF.

Cape Wools SA


Must ReadView All

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search