Home / Knowledge / News / Textiles / African wool market posts another increase
African wool market posts another increase
25
Oct '12
The upward trend in wool prices continued at this week's sale and the Cape Wools indicator gained another 3.2% to close at R104.43/kg (clean). This is a 19.5% increase on the opening sale.     

The increase was prompted by good demand from all sectors of the trade and a rise in Australian prices. A slightly softer rand also supported the market. At R8.70, the rand had depreciated by 0.7% against the US dollar compared with last week’s average rate as it tracked the lower euro, but at R11.28, the currency had gained 0.5% against the euro.
 
There was sizeable volume of fine wools on offer, which fetched excellent prices. A breeder from Adelaide in the Eastern Cape, Gary Pagel and his wife Ann, fetched a seasonal high of R108.50/kg (greasy) for a bale AFFY wool of 16.4 microns.
 
A total of 7 235 bales was offered of which 99% was sold. Major buyers were Modiano SA (1 802 bales), Standard Wool SA (1 733 bales),  Lempriere SA (1 603 bales) and Stucken & Co (1 088 bales).
 
Prices rose across the board but the finer end of market posted the biggest increases with 18 microns long fleece wool gaining almost 7% on average.   
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 6.9% at R118.21/kg, 18.5 microns rose 5.7% to R115.55/kg, 19 microns were 5.3% dearer to close at R111.92/kg, 19.5 microns were up 5.1% to R108.83/kg, 20 microns were 5% dearer at R106.47/kg, 20.5 microns gained 3.7% at R104.11/kg, 21 microns rose 4.1% to R103.18/kg, 21.5 microns were up 2.3% at R100.73/kg and 22 microns rose by 1.8% to close at R98.97/kg.  
 
Approximately 9 000 bales will be offered at next week’s sale.
 

Cape Wools

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Apparel/Garments | On 26th May 2017

Walmart to conduct GST workshops for SME suppliers

With the objective of supporting its small and medium-sized (SME)...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Dharmendra Shah
Ozone PB Spintex Limited

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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