Home / Knowledge / News / Textiles / South African wool prices turn soft
South African wool prices turn soft
Feb '13
Wool prices were softer at this week’s sale after reaching record highs last week and the Cape Wools Merino indicator dropped 2.1% to close at R113.22/kg (clean).

Although prices are down, the indicator is still 9% above last year’s level. The softer market is attributed to resistance from some clients against the current high prices.

The rand was erratic in the course of the morning but the average rate against the US dollar was R8,83, which is up 2% on last week’s average rate, while the at R11.96, the rand had gained 1.6% against the euro.

The offering comprised 6525 bales of which 99% were sold. Major buyers were Lempriere SA (1810 bales), Modiano SA (1682 bales) and Stucken & Co (1308 bales). Prices were down across the board with the broader types falling the most.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns shed 0.4% to R127.20/kg, 18.5 microns were down 0.8% at R124.56/kg, 19 microns were 2.4% cheaper to close at R121.07/kg, 19.5 microns dropped 1.7% to R118.62/kg, 20 microns weakened 1.6% to R114.52/kg, 20.5 microns shed by 3.3% to R111.65/kg, 21 microns dropped 2.5% to R111.12/kg, 21.5 microns were 2.8% cheaper at R110.52/kg, and 22 microns shed 2.1% to close at R111.07/kg. 

No sale has been scheduled for next week. Sales will resume on 20 February when approximately 13 000 bales will be offered.


Must ReadView All

Textiles | On 23rd Mar 2017

South Korean Samil Spinning acquires Buhler Quality Yarns

South Korean yarn producer Samil Spinning has acquired US based...

Apparel/Garments | On 23rd Mar 2017

E-retailers to pay up to 1% TCS under GST

E-retail marketplaces will need to deduct up to 1 per cent tax...

Textiles | On 23rd Mar 2017

Lanxess to expand chemical intermediates capacity

The Advanced Industrial Intermediates business unit of German...

Interviews View All

Sanjay Yagnik
Maa Tex Speciality

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Anshul Sood

‘Indian footwear market is nascent and largely a trend follower’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Eamonn Tighe
Nature Works LLC

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

Judy Frater
Somaiya Kala Vidya

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

Rupa Sood and Sharan Apparao

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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


news category

Related Categories:
March 2017

March 2017

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


Browse Our Archives


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