Home / Knowledge / News / Textiles / Cape Wool market marginally dearer
Cape Wool market marginally dearer
02
Feb '12
The wool market closed slightly higher at this week's sale with the Cape Wool's Merino indicator gaining 0.5% on last week to end the day at R103,01/kg (clean).

This was despite a firmer rand, which at R7,74 against the US dollar, had gained 2.1% on last week's average rate. At R10,13, it was 1.4% stronger against the euro.

With wool production in all five major exporting countries at their lowest levels in decades, the market currently is largely driven by supply concerns.

This week's auction saw a small offering of 6 180 bales of which 96% was sold with grease-wool exporters taking up the largest volumes. Major buyers were Standard Wool SA (1 707 bales), Lempriere SA (1 523 bales) and Stucken & Co (1 264 bales).

The fine-wool category fleeces posted the largest decreases while the broader microns were up.

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns dropped 1,7% to R117,95/kg, 19,5 microns were 0,7% cheaper at R113,74/kg, 20 microns were up 2.1% to R110,95/kg, 20,5 microns were unchanged at R106,93/kg; 21 microns gained 1.8% to close at R106,18/kg, 21,5 microns were 0,4% dearer at R103,71/kg, and 22 microns rose by a marginal 0.3% to close at R104,99/kg.

Approximately 9 500 bales will come under the hammer at next week's auction.

Cape Wool

Must ReadView All

Textiles | On 28th Mar 2017

India may impose duty on elastomeric filament yarn

The Government of India is likely to impose anti-dumping duty on...

Courtesy: Kraig Laboratories

Textiles | On 28th Mar 2017

Kraig gets certificate for silk production in Vietnam

Kraig Biocraft Laboratories, Inc., a leading biotechnology company...

Information Technology | On 28th Mar 2017

Intex Consulting signs partnership with Kawan Era Baru

Germany based Intex Consulting GmbH has entered into a strategic...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search