Home / Knowledge / News / Textiles / Cape Wools market unchanged; fleece wools in keen demand
Cape Wools market unchanged; fleece wools in keen demand
26
Apr '12
The wool market was relatively unchanged at this week's auction and the Cape Wools Merino indicator closed at R99.06/kg (clean), which was a marginal 5c/kg down on last week.

Long, well prepared fleece wools were in keen demand and fetched good prices, with some types closing at higher levels than last week. A fairly large percentage of the offering comprised short wool, for which there was limited demand.

The rand, at R7.72, had gained 0.7% against the US dollar compared with the average rate at the previous sale, while it was a marginal 0.1% down against the euro at R10.19.

This week's offering comprised 6 796 bales of which 97% was cleared. Major buyers were Standard Wool SA (1 036 bales), Modiano SA (1 573 bales) and Lempriere SA (1 351 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were a marginal 0.1% down at R114.10/kg, 18.5 microns gained 0.6% to R113.83/kg, 19 microns were 2.4% dearer at R113.79/kg, 19.5 microns were up 0.2% to R108,80/kg, 20 microns rose 1.7% to close at R107,03/kg, 20.5 microns were up 0.2% at R105,70/kg and 21 microns gained by 0.6% to close at R104,80/kg and 21.5 microns were unchanged at R102.97/kg. There were no quotes for 22 microns.

No sale has been scheduled for next week. Sales will resume on 9 May.

Cape Wools


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Sonam & Paras Modi
SVA

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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