Home / Knowledge / News / Textiles / Wool prices reach a new high in Africa
Wool prices reach a new high in Africa
02
Nov '12
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). This is an increase of 24% on the opening sale and up 3.3% on last season’s highest level. It also means that the indicator has risen by 23% during October.

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.
 
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).
 
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.
 
Prices rose across the board but the finer end of market again posted the biggest increases.
 
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.
 
Approximately 10 000 bales will be offered at next week’s sale.
 

Cape Wools

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Angelina Francesca Cheang
MY ANJE

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

Binoy Ravjani
Hero's Fashion

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Johan Berlin
InvestKonsult Sweden AB

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search