Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week’s sale to close at R101.19/kg (clean). This is up almost 15% on the opening level and represents an increase of 7.5% on the same sale last season. Improved demand, a hike in Australian prices and a slightly weaker rand all contributed to the price rise.
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week's sale to close at#
Although the rand, which had been under pressure over the past week, has gained some ground, trading at R8.65, it nevertheless was 0.7% weaker against the US dollar compared with last week’s average rate. At R11.34, the rand had lost 1.7% of its value against the euro.
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week's sale to close at#
The offering comprised 9 272 bales, which was larger than the offerings seen in the past few weeks, and a high sales percentage of 99% was achieved. Major buyers were Standard Wool SA (2 969 bales), Modiano SA (2 124 bales), Lempriere SA (1 758 bales), Stucken & Co (1 758 bales) and Lempriere SA (1 758 bales).
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week's sale to close at#
Prices rose across the board and all micron categories long fleeces gained between 3% and 4.5%.
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week's sale to close at#
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 3,4% at R110.61/kg, 18.5 microns rose 4.5% to R109.27/kg, 19 microns were 4.6% dearer to close at R106.28/kg, 19.5 microns were up 4% to R103.58/kg, 20 microns were 4.9% dearer at R101.38/kg, 20.5 microns gained 4.6% at R100.44/kg, 21 microns rose 3,6% to R99,09/kg, 21.5 microns were up 4% at R98.44/kg and 22 microns rose by 3.9% to close at R97.25/kg.
Cape Wools reported that wool prices rose sharply for a second week in a row with the market indicator gaining 4.5% at this week's sale to close at#
Approximately 7 000 bales will be on offer at next week’s sale.
Cape Wools