Home / Knowledge / News / Textiles / African wool prices slightly softer at final sale
African wool prices slightly softer at final sale
08
Jun '12
The final sale of the season saw the prices softening and the Cape Wools Merino indicator dropped 1.7% to close at R94.11/kg (clean). This is 2.3% up on the opening sale.

Although prices started declining over the last few weeks, this was one of the best seasons in decades for woolgrowers with prices reaching record levels and the indicator remaining above the R100/kg level for a large part of the season. The seasonal high was R105.15/kg, which was posted at the first sale in January.

Fine wools, however, had a rather disappointing season with prices for these types falling sharply following a large offering and weaker demand from Europe and the USA, the largest consumers of these types, as a result of the sovereign debt crisis.

Quality, long fleece wools were in keen demand at the sale and fetched good prices. Some finer types were also slightly dearer at this sale.

The rand has been volatile over the past two weeks. At this sale it was trading at R8.36 against the US dollar, which was down a marginal 0.3% compared with the average rate at the previous sale a fortnight ago. At R10.45 it was 1% stronger against the euro.

It was a fairly large sale with 12 424 bales on offer of which 94% was cleared. Major buyers were Standard Wool SA (5 711 bales), Lempriere SA (2 429 bales), Stucken & Co (1 440 bales) and Modiano SA (1 083 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 1.2% at R107.90/kg, 18,5 microns also gained 1.2% to R107.51/kg, 19 microns were down a marginal 0.1% at R106.10/kg, 19.5 microns dropped 0.3% to R102.81/kg, 20 microns shed 1.6% to close at R100.43/kg, 20.5 microns were down 0.6% at R100.48/kg, 21 microns dropped 2.4% to close at R99.8/kg, 21.5 microns were 0,4% dearer at R101.04/kg and 22 microns were 0.3% dearer to close at R100.85/kg.

The first sale of the new sale has been scheduled for 15 August.

Cape Wools


Must ReadView All

Pakistan govt notifies 50% duty drawback on exports

Textiles | On 21st Oct 2017

Pakistan govt notifies 50% duty drawback on exports

The Pakistan government has notified the ‘Duty Drawback of Taxes...

Ghana sets up task force to clamp down on textile piracy

Textiles | On 21st Oct 2017

Ghana sets up task force to clamp down on textile piracy

Ghana’s ministry of trade and industry has set up a taskforce to...

Courtesy: Coach

Fashion | On 21st Oct 2017

US company Coach to change name to Tapestry from Oct 31

Coach Inc., a New York-based house of modern luxury accessories and...

Interviews View All

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Varinder Singh Jawanda
Trendy Bharat

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

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Ravindra Jain, Ashish Baid

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

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marten Alkhagen
Swerea IVF AB

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

Kerem Durdag
Biovation II LLC

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

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

Robert Brunner
Devereux

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

October 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
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

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
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

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
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

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
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


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