Home / Knowledge / News / Textiles / Strong rand hampers African wool market
Strong rand hampers African wool market
08
Dec '11
A stronger rand pushed wool prices down at the final sale before the Christmas recess and the Cape Wools' Merino indicator decreased by 3.2% to close the first half of the season at R98,15/kg (clean).

This nevertheless is almost 56% higher than at the corresponding sale last season.

The rand had gained 4.4% against the US dollar compared with last week's average rate, trading at R7,96, while at R10,68 it was up 3.6% against the euro.

It was a large sale with 14 000 bales on offer. The sales percentage was lower compared with last week and 90% of the offering was sold. Major buyers were Standard Wool SA (3 808 bales), Modiano SA (3 727 bales), Stucken & Co (2 275 bales) and Lempriere SA (2 088 bales).

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns dropped 4.3% to R113,63/kg, 19,5 microns were 6.9% cheaper at R108,15/kg, 20 microns weakened by 2.3% to R106,32/kg, 20,5 microns were down 3.4% to R104,35/kg; 21 microns dropped 4.2% to close at R103,36/kg, 21,5 microns were 3.4% cheaper at R101,92/kg, while 22 microns were down 1.9% to close at R97,60/kg.

Sales will resume on 11 January 2012 when approximately 10 000 bales will come under the hammer.

Capewools

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Larry L Kinn
Suominen Corporation

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra
Huemn

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

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X