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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Judy Frater
Somaiya Kala Vidya

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

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

July 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

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X