• Linkdin
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

African wool prices slightly dearer

23 Feb '12
2 min read

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

Leave your Comments

Esteemed Clients

TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
TEXVALLEY MARKET LIMITED
TESTEX AG, Swiss Textile Testing Institute
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Taiwan Textile Federation (TTF)
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Stahl Holdings B.V.,
Advanced Search