Home / Knowledge / News / Textiles / South African wool prices touch all-time high
South African wool prices touch all-time high
Dec '12
The wool market rose sharply at the final sale before the Christmas recess with the Cape Wools Merino indicator reaching an all-time high when it gained 7% on the previous week to close at R109.91/kg (clean).

This not only is higher than last season’s highest level, but it also represents a 25.8% increase on the opening sale and is up almost 12% on the corresponding sale last year. In Australia, the market also posted considerable increases.

There was excellent competition in the sale’s room from all sectors of the trade despite the large offering of 15,723 bales, the largest in the past two seasons. A high sales percentage of 99% was obtained.

The rand at R8.82, it was 0.8% stronger against the dollar compared with last week’s average rate. At R11.47, it had lost 0.6% on average of its value against the euro.

Prices rose across the board with 19-micron long fleece wools rising by almost 8%.

Major buyers were Modiano SA 4,726 bales), Standard Wool SA (4,288 bales), Lempriere SA (3,039 bales) and Stucken & Co (2,136 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 3.6% to R122.76/kg, 18.5 microns were up 5.9% at R12.,31/kg, 19 microns were 7.8% dearer to close at R111.09/kg, 19.5 microns rose 6.9% to R114,85/kg, 20 microns were up 6.9% at R111.36/kg, 20.5 microns strengthened by 7.1% to R109.22/kg, 21 microns were gained 6.9% at R109.63/kg, 21.5 microns rose 6% to close at R107.70/kg, and 22 microns were up 6.1% to close at R107.56/kg. 

Sales will resume on January 9, next year.


Must ReadView All

Courtesy: Christian Dior

Fashion | On 25th Apr 2017

LVMH to acquire Christian Dior Couture for €6.5bn

LVMH and Christian Dior, which holds directly and indirectly 41 per...

Apparel/Garments | On 25th Apr 2017

Walmart's Project Gigaton to help reduce emissions

Walmart has launched a sustainability platform called Project Gigaton ...

Courtesy: Arvind

Fashion | On 25th Apr 2017

The Arvind Store launches ready-to-wear brand for men

The Arvind Store has announced the launch of its own ready-to-wear...

Interviews View All

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

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

Eamonn Tighe
Nature Works LLC

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

Wendell Rodricks
Wendell Rodricks

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

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