Home / Knowledge / News / Textiles / Wool prices firmer at second sale
Wool prices firmer at second sale
01
Sep '11
The wool market put up a solid performance at the second sale of the season when the Cape Wools Merino indicator gained 2.5% on the previous sale a fortnight ago to close at R94,32/kg (clean).

The local market took some direction from the Australian market where prices were firm and the indicator closed marginally higher compared with the previous sale. The fairly small offering of 6 128 bales also helped to support prices.

The rand, at R6,98 was 1.1% stronger against the US dollar compared with the average rate at the previous sale. It was up 0.9% against the euro at R10,08.

A sales percentage of 94% was achieved. Major buyers were Standard Wool SA (2 393 bales), Stucken & Co (1 225 bales), Modiano SA (1 145 bales), and Lempriere SA (659 bales).

The average clean price for the different categories good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns gained 1.9% tot R114,62/kg, 19,5 microns were 3% dearer at R109,13/kg, 20 microns were up 2.4% at R102,16/kg, 20,5 microns rose 2% to R99,57/kg; 21 microns gained 4.2% to close at R98,68/kg, 21,5 microns were 2% dearer at R95,23/kg and 22 microns rose 1.6% to close at R93,99/kg.

Approximately 7 500 bales will come under the hammer at next week's sale.

Cape Wools


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Top executives
Textile industry

GST has levelled the playing field to an extent

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Vikas Banduke

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search