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

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
February 2017

February 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search