Home / Knowledge / News / Textiles / Cape Wool market strengthens
Cape Wool market strengthens
Oct '11
The wool market changed direction at this week's auction after falling sharply over the previous two weeks, and the Cape Wools' Merino indicator gained 3.4% on last week to close at R89,58/kg (clean).

Although it is just under the key R90/kg level, it still is up 46% on the same sale last season. The Australian market has also steadied with a slight increase in prices.

Prices increased despite a stronger rand, which was up 3.3% against the US dollar compared with last week's sale and was trading at R7,79. At R10,69, the rand was 0.4% stronger against the euro.

A fresh seasonal high of R137/kg (greasy) was obtained for a bale of 15,8 microns belonging to Mike Palmer of the farm Albany in the Grahamstown district. The previous high was R132/kg.

A total of 7 815 bales was offered of which 96% was sold. Major buyers were Standard Wool SA (2 633 bales), Modiano SA (1 873 bales), Stucken & Co (1 511 bales) and Lempriere SA (1 050 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 were unchanged at R106,23/kg, 19,5 microns were up 2.3% to R103,27/kg, 20 microns rose by 3.4% to R98,63/kg, 20,5 microns were 5.1% dearer at R96,61/kg; 21 microns gained 4.2% to close at R94,11/kg, 21,5 microns were 2.9% dearer at R91,06/kg and 22 microns rose 2.8% to close at R88,93/kg.

Approximately 10 000 bales will be offered at next week's sale.

Cape Wools

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

Awen Delaval

'Natural fibres are appreciated for traditional authenticity'

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Giorgio Mantovani
Corman S.p.A

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mark Paterson
Technical Absorbents Ltd

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

April 2017

April 2017

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


Browse Our Archives


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