Home / Knowledge / News / Textiles / African wool prices slightly higher at second sale
African wool prices slightly higher at second sale
30
Aug '12
Stronger demand and a weaker currency contributed to the slightly higher prices fetched for some types at the second sale of the season, which saw the Cape Wools Merino indicator gaining 1.2% to close at R88,41/kg (clean).
 
Quality, long fleeces in particular were in good demand. Prices for fine wools, however, remained under pressure. 
 
The rand had depreciated by 2.7% against the US dollar compared with the average rate at the previous sale, trading at R8,38, while it was 4.7% weaker against the euro at R10,51. 
 
A total of 7 694 bales were offered of which 98%, which was considerably higher than the 88% achieved at the previous sale. Major buyers were Standard Wool SA (3 414 bales), Lempriere SA (1 495 bales), Stucken & Co (1 012 bales) and Modiano SA (967 bales).
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 0.6% at R99,36/kg, 18,5 microns shed 1.8% to R95,36/kg, 19 microns dropped 0,9% to R94,28/kg, 19,5 microns were down a marginal 0.2% to R93,45/kg, 20 microns gained 0.6% to close at R92,75/kg, 20,5 microns were up 0.6% at R92,47/kg, 21 microns rose 1.1% to R92,31/kg, 21,5 microns were a slight 0,3% cheaper at R91,80/kg and 22 microns were down 0.4% to close at R91,81/kg.  
 
Approximately 8 000 bales will be offered at next week’s sale.

Cape Wools


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Pantone

Textiles | On 25th Jun 2018

Pantone unveils polyester standards

Pantone, provider of professional colour standards for the design...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Nitesh Mittal

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

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson
TissueGen

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search