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

Pakistan’s textile exports up 7.72% in July-Oct ’17

Textiles | On 21st Nov 2017

Pakistan’s textile exports up 7.72% in July-Oct ’17

The value of textile and garment exports from Pakistan increased by...

Brandix signs JV with Best Pacific of Hong Kong

Textiles | On 21st Nov 2017

Brandix signs JV with Best Pacific of Hong Kong

In a joint venture (JV) with the global synthetic materials...

CAI estimates 2017-18 cotton crop at 375 lakh bales

Textiles | On 21st Nov 2017

CAI estimates 2017-18 cotton crop at 375 lakh bales

In its first estimate of the cotton crop for the 2017-18 season...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Paolo Ocleppo
Sandvik Hyperion

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

November 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
68.5%
No
12.4%
Skip
19.1%

Total Votes: 89

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
61.8%
No
30.3%
Skip
7.9%

Total Votes: 89

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
86.5%
No
10.1%
Skip
3.4%

Total Votes: 89

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
80.9%
No
9.0%
Skip
10.1%

Total Votes: 89


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