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 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Judy Frater
Somaiya Kala Vidya

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

Pranav Mishra
Huemn

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

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
March 2017

March 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