Home / Knowledge / News / Textiles / Cape Wools market remains strong
Cape Wools market remains strong
27
Jan '12
The market held up well despite a stronger currency and the Cape Wools Merino indicator closed unchanged at R102,47/kg (clean wool).

This was in line with Australia where prices were marginally dearer.

There was keen demand on the auction floor, particularly among grease-wool exporters, which helped to support price levels.

The rand at R7,90, was almost 1% stronger against the US dollar compared with last week's average rate, but was 0.7% weaker against the euro at R10,27.

The prices of most micron category quality fleece wools (MF5) were up by between 0.5% and 2.5%. The exception was 21 microns, which were slightly cheaper.

This week saw a smaller offering than during the past two weeks of 10 186 bales of which 97% was sold. Major buyers were Modiano SA (3 002 bales), Standard Wool SA (2 542 bales), Lempriere SA (2 113 bales) and Stucken & Co (1 306 bales).

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns gained 2.6% to R119,97/kg, 19,5 microns were 0.5% dearer at R114,52/kg, 20 microns were up 0.5% to R108,68/kg, 20,5 microns rose 1.1% to R106,91/kg; 21 microns fell by 0.8% to close at R104,33/kg, 21,5 microns were 1% cheaper at R103,34/kg, but 22 microns rose 0,8% to close at R104,70/kg.

Next week will be a much smaller offering with only 5 500 bales up for 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

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh Patel
Sidwin Fabric

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

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
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

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
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

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
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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