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

Turkish-Algerian JV to set up textile unit in Relizane

Textiles | On 17th Jan 2018

Turkish-Algerian JV to set up textile unit in Relizane

Construction of one of Africa's largest textile production...

Courtesy: Indorama Ventures

Textiles | On 17th Jan 2018

IVL, Huvis to enter JV for Low Melting Fibre plant in US

Indorama Ventures Limited (IVL), a global chemical producer, and...

Future Group to set up garment manufacturing in Bengal

Apparel/Garments | On 17th Jan 2018

Future Group to set up garment manufacturing in Bengal

Kishore Biyani-led Future Group is going to set up a garment...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rahuul Jashnani
Jashn

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

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Liz Manning

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silvia Venturini Fendi
Fendi s.r.l

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Aditi Somani
Aditi Somani

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

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

January 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
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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