Home / Knowledge / News / Textiles / Wool prices slightly softer in Africa
Wool prices slightly softer in Africa
16
Nov '12
The wool market was softer at this week sale with the Cape Wools Merino indicator shedding 1.6% to close the day at R98.73/kg (clean). This is still 13% up on the opening sale but slightly lower than at the same sale last season. 

The local market followed the Australian market, which has also lost some of its recent gains and was down 3.7% on last Wednesday’s sale.
 
The rand, at R8.77 was 2.1% weaker against the dollar compared with last week’s average rate, and at R11.16, it had lost 1.3% of its value against the euro.
 
A total of 10 766 bales was offered of which 98% was sold. Major buyers were Standard Wool SA (2 973 bales), Modiano SA (2 243 bales), Lempriere SA (2 090 bales) and Stucken & Co (1 717 bales).
 
Prices were a mixed bag with some fleece wools slightly dearer, while others were cheaper. The good news is that receipts at brokers’ stores are up 4.83% compared with the corresponding period last season, which means that 19.9 million kg of wool have been received compared with 18.9 million kg last season.
 
The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns dropped 1% to R115.15/kg, 18,5 microns were up 0.5% at R113.79/kg, 19 microns were 1.1% cheaper to close at R107.66/kg, 19.5 microns were up by a marginal 0.2% at R104.16/kg, 20 microns were 0.6% cheaper at R99.61/kg, 20.5 microns dropped 0.7% to R98.64/kg, 21 microns were up 0.5% to R98.46/kg, 21.5 microns were down by a slight 0.3% to close at R97.02/kg, and 22 microns dropped 0.8% to close at R95.91/kg. 
 
Approximately 12 000 bales will be offered at next week’s sale.

Cape Wools

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Ashok Desai
Bombay Textile Research Association

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search