Home / Knowledge / News / Textiles / Wool market strengthens in South Africa
Wool market strengthens in South Africa
13
Sep '12
The wool market was stronger at this week’s sale and the Cape Wools Merino indicator gained 2.7% on last week to close at R86,26/kg (clean).

This was in line with the Australian market where the indicator rose 3.1% on the back of possible shipping commitments this month. 
 
Although a lift in prices was anticipated, it wasn’t expected to rise as much as it did, particularly not in view of the much stronger rand following a weakening of the dollar. The rand at R8,14, was up 2.7% against the dollar, compared with last week’s average rate. It was largely unchanged against the euro at R10,49.
 
Prices rose across all long fleece wool micron categories, but the biggest increases were in the 19,5 micron to 21,5 micron categories, which strengthened by around 3% and more. 
 
It was a fairly small sale with 4 681 bales on offer of which 96% was sold. Major buyers were Standard Wool SA (1 379 bales), Modiano SA (1 057 bales), Lempriere SA (859 bales) and Stucken & Co (653 bales).
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 2.8% at R102,76/kg, 18,5 microns gained 2.5% to R97,07/kg, 19 microns were up 2.8% to R96,28/kg, 19,5 microns increased by 3.5% to R94,42/kg, 20 microns were 3.2% dearer at R93,26/kg, 20,5 microns were up 3% at R92,71/kg, 21 microns rose by 1.4% to R91,14/kg, 21,5 microns were 1.4% dearer at R90,90/kg and 22 microns gained 2% to also close at R90,90/kg.  
 
Approximately 8 000 bales will be offered at next week’s sale.

Cape Wools


Must ReadView All

Apparel/Garments | On 22nd Sep 2017

Govt announces new duty drawback rates for garments

The Government of India has today announced the new duty drawback...

Courtesy: ITMA

Textiles | On 22nd Sep 2017

ITMA 2019 to focus on smart garment technologies

ITMA 2019, the world's largest textile and garment technology...

Apparel/Garments | On 22nd Sep 2017

New US FTC rule for RN used on textile product labels

The US Federal Trade Commission recently streamlined requirements...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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