Home / Knowledge / News / Textiles / South African wool market softens
South African wool market softens
08
Nov '12
After a five-week rally, which saw the Cape Wools Merino indicator gaining 17%, wool prices softened at this week’s sale with the indicator shedding 3.9% to close at R100.29/kg (clean).

There were concerns that the huge hike in prices was unsustainable since it was not being driven by increased consumer demand. In Australia, the market was also weaker.

The rand, at R8.58 was a marginal 0.4% stronger against the dollar compared with last week’s average rate, and at R11.02, it had gained 1.5% against the euro.
 
The offering comprised 9 904 bales of which 96% was sold. Major buyers were Modiano SA (3 264 bales), Standard Wool SA (2 277 bales), Lempriere SA (1 784 bales) and Stucken & Co (1 275 bales).
 
Prices were down across the board with the medium wools posting the biggest decreases.
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns dropped 2.7% to R116.32/kg, 18.5 microns were down 1.9% at R113.22/kg, 19 microns were 3.4% cheaper to close at R108,90/kg, 19,5 microns were down 4.4% to R103.96/kg, 20 microns were 4.7% cheaper at R100.18/kg, 20.5 microns dropped 3.5% to R99.30/kg, 21 microns were down 4% to R97.96/kg, 21.5 microns shed 3.5% to close at R97.27/kg, and 22 microns dropped 3.2% to close at
R96.64/kg.
 
Approximately 10 500 bales will be offered at next week’s sale. 

Cape Wools


Must ReadView All

Textiles | On 19th Aug 2017

New fabric interfaces to interact with computers

As computer capabilities evolve, new fabric-based interfaces are...

Textiles | On 19th Aug 2017

Brazilian cotton prices drop in first fortnight of August

Cotton prices dropped in the Brazilian market in the first fortnight...

Apparel/Garments | On 19th Aug 2017

Target to acquire Grand Junction for faster deliveries

Target Corporation has announced that it has agreed to acquire Grand...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

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...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

August 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

Active Poll

Do you see sustainability as a route to business growth?

Yes
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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

Yes No

Active Poll

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

Yes
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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

Active Poll

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

Yes
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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