Home / Knowledge / News / Textiles / African wool prices slightly dearer
African wool prices slightly dearer
23
Feb '12
Prices improved slightly at this week's sale on the back of a weaker rand and keen interest from all sectors of the trade. The Cape Wools' Merino indicator gained 0.8% compared with the previous sale a fortnight ago to close at R104,37/kg (clean).

This means the indicator remains firmly above the key R100/kg level and currently is only slightly lower than the seasonal high of R105,15/kg fetched at the first sale in January. This is in contrast with the Australian market where prices declined.

The rand, at R7,69, was 2.5% weaker against the US dollar than the average rate two weeks ago, which supported the market. It had softened by 2.2% against the euro, trading at R10,16.

A total of 10 821 bales was offered of which 95% was sold. Major buyers were Standard Wool SA (2 956 bales), Lempriere SA (2 199 bales), Modiano SA (2 145 bales) and Stucken & Co (1 841 bales).

The finer fleece wools posted lower prices, but quality medium fleeces gained up to 2.5%.

The average clean price for the different categories good top-making (MF5), long fleeces were as follows: 19 microns were down a negligible 0.4% at R117,34/kg, 19,5 microns were 2% cheaper at R113,01/kg, 20 microns softened by 1.6% to R109,42/kg, 20,5 microns were 1% dearer at R107,23/kg; 21 microns gained 1.3% to close at R106,62/kg, and 21,5 microns were up 2.5% at R106,15/kg.

Cape Wools


Must ReadView All

Textiles minister Smriti Irani lighting the lamp to inaugurate the 6th edition of the International Apparel and Textile Fair ‘VASTRA 2017’, in Jaipur. Courtesy: PIB

Textiles | On 22nd Sep 2017

Placement rate in textiles sector is 70%: Indian minister

The recent high growth of foreign direct investment (FDI) in the...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Textiles | On 22nd Sep 2017

Messe Frankfurt acquires Source Africa, ATF textile shows

Messe Frankfurt, one of the world´s leading trade show organisers,...

Interviews View All

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mohammad Hassan
Biax Fiberfilm

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

Johan Berlin
InvestKonsult Sweden AB

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

Kerem Durdag
Biovation II LLC

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

Robert Brunner
Devereux

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

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

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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