Home / Knowledge / News / Textiles / Wool prices softer, Cape Wools
Wool prices softer, Cape Wools
29
Mar '12
The market was softer at this week's sale and Cape Wools' Merino indicator dropped 2% compared with the previous sale a fortnight ago to close at R102,06/kg (clean).

This was in line with Australia where prices have been easing since last week.

Prices nevertheless were 18% higher than at the same sale last season. The indicator has remained above the R100/kg level since the first sale in January. It also is almost 18% above the season's lowest level posted in the first week of October last year.

The rand was trading at R7,56 against the US dollar, which was 0.8% down on average rate two weeks ago. At R10,10, the rand had depreciated by 3% against the euro.

This week's offering totaled 12 816 bales of which 99% was sold.

Major buyers were Standard Wool SA (3 036 bales), Stucken & Co (3 015 bales), Lempriere SA (2 609 bales), Modiano SA (2 247 bales) and Segard Masurel (1 443 bales).

Prices were down across the board but the finer end of the market saw the biggest declines, with 18 microns dropping 4%.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 4% at R119,54/kg, 18,5 microns dropped 5.3% to R115,57/kg, 19 microns were 2,4% softer at R112,86/kg, 19,5 microns were 1.6% cheaper at R111,54/kg, 20 microns softened by 2% to close at R108,29/kg, 20,5 microns were down 1.9% at R105,99/kg, 21 microns shed by 1.1% to close at R105,38/kg and 21,5 microns were 1.2% cheaper at R104,39/kg. There were no quotes for 22 microns.

Approximately 5 000 bales have been scheduled for next week. There are only six more sales remaining before the final sale of the season on 6 June.

Cape Wools


Must ReadView All

Courtesy: Markus Spiske from Pexels

Textiles | On 19th Apr 2018

Intra-state e-way bills in 6 more states from April 20

E-way bill for intra-state movement of goods would be implemented in...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

Indian inter-ministerial group to study e-commerce issues

Apparel/Garments | On 19th Apr 2018

Indian inter-ministerial group to study e-commerce issues

The Indian Government has set up an inter-ministerial group to study...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Luke Otten
Wigwam Mills Inc

Wigwam aims to recycle discarded yarn that doesn’t make it through the...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Rikesh Mistry

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

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...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Madhu Jain
Madhu Jain

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


April 2018

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
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

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
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

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
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

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
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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