Home / Knowledge / News / Textiles / Cape Wools Merino indicator up by 3.2%
Cape Wools Merino indicator up by 3.2%
17
Jan '13
Strong demand and a weaker rand boosted wool prices at this week’s sale and the Cape Wools Merino indicator gained 3.2% on last week to close at an all-time high of R112.49/kg (clean).

This is almost 29% higher than at the opening sale and up 9.5% on the same sale the previous season.

The rand remained under pressure following continued labor unrest and at R8, 82, had lost 3. 4% of its value against the US dollar. At R11.71, it also was 4.9% weaker against the Euro. There was excellent competition from all sectors of the trade for the 15,380 bales on offer of which 98% was sold.

Prices rose across the board but fine long fleeces posted the biggest gains after being under pressure at last week’s sale with some micron categories posted gains of up to 5%.Major buyers were Standard Wool SA (4093 bales), Modiano SA (3722 bales), Lempriere SA (3632 bales), Stucken & Co (1976 bales), and Segard Masurel SA (1012 bales).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 5.6% to R125.37/kg, 18.5 microns were up 3% at R122.75/kg, 19 microns were 2.8% dearer to close at R121.78/kg, 19.5 microns rose 1.7% to R117.47/kg, 20 microns were up 2.7% at R112.96/kg, 20.5 microns softened by 3.7% to R111.65/kg, 21 microns dropped 4.6% at R111.50/kg, 21.5 microns rose by 2.1% to close at R110.31/kg, and 22 microns were 1.5% dearer at R109.01/kg. 

Approximately 13 000 bales will come under the hammer at next week’s sale.

CapeWools

Must ReadView All

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Interviews View All

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sonam & Paras Modi
SVA

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Madhu Jain
Madhu Jain

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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