Home / Knowledge / News / Textiles / Wool prices reach a new high in Africa
Wool prices reach a new high in Africa
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: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Deepak Jain

We are using Facebook and Instagram to promote ourselves

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Steve Cole
Xerium Technologies

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

Mohammad Hassan
Biax Fiberfilm

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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