Home / Knowledge / News / Textiles / Cape Wools Merino indicator drops
Cape Wools Merino indicator drops
19
Jan '12
Wool prices softened slightly at this week's sale after reaching a fresh high last week and the Cape Wools Merino indicator closed the day down 2.4% at R102,65/kg (clean).

This could indicate some resistance from certain customers to the high price levels. In addition, the rand at R7,97, was 1.1% stronger against the US dollar compared with last week's average rate. It was 0.8% weaker against the euro at R10,20.

Prices were lower across the board but the 20-micron category fleece wools were the most affected, dropping by more than 5% on average.

In Australia, the market also came off last week's levels to post lower prices.

A total of 13 968 bales was on offer, of which 92% was sold. Major buyers were Modiano SA (4 548 bales), Standard Wool SA (3 574 bales), Lempriere SA (2 034 bales) and Stucken & Co (1 530 bales).

Wool receipts at broker's stores to date is down 9.3% compared with the corresponding period last season, which may indicate a drop in this season's production.

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns shed 3.4% to R116,96/kg, 19,5 microns were 3.1% cheaper at R113,93/kg, 20 microns dropped 5.7% to R108,12/kg, 20,5 microns were down 5.6% to R105,76/kg; 21 microns fell by 3.9% to close at R105,19/kg, 21,5 microns were 4.6% cheaper at R104,34/kg, while 22 microns dropped 3.5% to close at R103,82/kg.

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

Cape Wools


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

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

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Marten Alkhagen
Swerea IVF AB

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

Giorgio Mantovani
Corman S.p.A

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silvia Venturini Fendi
Fendi s.r.l

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

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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