Wool prices reach a new high in Africa

The sale was marked by keen competition from the various sectors of the trade, which helped to push prices up. The rand, at R8.62 was 1% stronger against the dollar compared with last week’s average rate, and at R11.19, had gained 0.8% against the euro.

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #

A total of 9 906 bales was offered of which 99% was sold. Major buyers were Standard Wool SA (2 719 bales), Modiano SA (2 684 bales), Stucken & Co (1 825 bales) and Lempriere SA (1 525 bales).

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #

A new seasonal record price was achieved when Grahamstown fine-wool breeder Mike Palmer fetched a greasy price of R112.45/kg for a bale AH wool of 15.9 microns, while John Muller from Cathcart obtained R110.20/kg (greasy) for 6 bales BH wool of 16.5 microns.

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #

Prices rose across the board but the finer end of market again posted the biggest increases.

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 1.1% at R119.49/kg, 18.5 microns were down a marginal 0.1% at R115.43/kg, 19 microns were 0.7% dearer to close at R112.75/kg, 19.5 microns were 0.1% down to R108.69/kg, 20 microns were 1,2% cheaper at R105.15/kg, 20.5 microns dropped 1.1% to R102.93/kg, 21 microns were down 1.1% to R102.00/kg, 21.5 microns gained a marginal 0.1% to close at R100.79/kg and 22 microns rose by 0.9% to close at R99.83/kg.

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #

Approximately 10 000 bales will be offered at next week’s sale.

 

Wool prices increased for a fifth week in a row with the Cape Wools market indicator gaining another 4% to close at a high of R108.63/kg (clean). #