Home / Knowledge / News / Textiles / African wool market loses steam
African wool market loses steam
05
Apr '12
The market closed softer for a second week in a row and Cape Wools' Merino indicator dropped 2.6% compared with last week to close at R99.43/kg (clean). This is the first time since January that the indicator has dropped below the key R100/kg level.

The fall in prices was in line with Australia where the market was also trending downwards. The small offering of 5 511 bales did little to attract much interest from overseas buyers, particularly from the Chinese, who were mostly absent from the market.

Although the rand had depreciated by 1.9% against the US dollar compared with the average rate two weeks ago, trading at R7.71, it could not halt the decline. It was 0.7% softer against the euro, trading at R10.16.

A high sales percentage of 97% was achieved. Major buyers were Lempriere SA (1 422 bales), Standard Wool SA (1 230 bales) and Modiano SA (1 034 bales).

Prices for all long, quality fleece wools were down, with the 19.5 to 20.5 micron categories falling the most.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 1.5% at R121,33/kg, 18.5 microns dropped 1.5% to R117,26/kg, 19 microns were 1.7% softer at R110,95/kg, 19.5 microns were 3% cheaper at R108.14/kg, 20 microns softened by 3.1% to close at R104.90/kg, 20.5 microns were down 3% at R102,82/kg, 21 microns shed by 2.2% to close at R103.08/kg and 21.5 microns were 2.7% cheaper at R101.54/kg. There were no quotes for 22 microns.

No sale has been scheduled for next week, but sales will resume on 18 April when about 10 000 bales will be on offer.

Cape Wools


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Urs Stalder
Sanitized AG

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

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Yash P. Kotak
Bombay Hemp Company

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

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

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

news category


Related Categories:
July 2017

July 2017

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

SUBSCRIBE


Browse Our Archives

GO


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