Home / Knowledge / News / Textiles / Cape Wools market still strong
Cape Wools market still strong
Nov '11
The wool market largely maintained its price levels at this week's sale and Cape Wools' Merino indicator closed the day down by a marginal 0.6% at R103,39/kg (clean).

Quality wools were keenly sought after and fetched excellent prices while the average to inferior types were discounted.

The rand, at R7,85, had gained some ground against the US dollar, increasing by 1.2% compared with last week's average rate. It was 1.2% stronger against the euro at almost R10,82.

The offering comprised 9 240 bales of which 95% was sold. Major buyers were Modiano SA (2 834 bales), Standard Wool SA (2 652 bales), Stucken & Co (1 682 bales) and Lempriere SA (1 033 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 decreased by 2.5% to R119,93/kg, 19,5 microns were 1.9% cheaper at R116,10/kg, 20 microns dropped by 1.9% to R112,36/kg, 20,5 microns were down 1.5% at R110,59/kg; 21 microns fell by 1% to close at R107,85/kg, 21,5 microns were 1.3% cheaper at R104,70/kg and 22 microns dropped 1.1% to close at R100,91/kg.

Approximately 10 500 bales will come under the hammer at next week's sale.


Must ReadView All

Textiles | On 26th Jul 2017

Vietnam’s textile & garment exports cross $13bn in H1

Vietnam earned $13.... billion from textile and garment exports in...

Textiles | On 26th Jul 2017

BCI releases 2016 BCI annual report

The Better Cotton Initiative (BCI), a not-for-profit organisation...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Interviews View All

Abhishek Samdaria

GST will certainly reduce a lot of paperwork in future

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Steve Cole
Xerium Technologies

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Robert Brunner

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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


July 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

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

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

Yes No

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

Yes No

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

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