Home / Knowledge / News / Textiles / Cape Wools Merino indicator marginally rises 0.5%
Cape Wools Merino indicator marginally rises 0.5%
Feb '13
This week’s sale saw prices improving slightly on the previous sale a fortnight ago and the Cape Wools Merino indicator gained 0.5% to close at R113.83/kg (clean).

Traders report reluctance from some clients to buy at current levels, while demand from other areas remains firm.

The rand was fairly unchanged against the US dollar, trading at an average rate of R8.82, which was up a negligible 0.1% on the average rate at the previous sale, while at R11.96; it had gained 1.1% against the euro.

It was a fairly large offering of 12891 bales and a sales percentage of 99% was achieved. 99% was sold.

Major buyers were Modiano SA (3701 bales) and Stucken & Co (2797 bales), Lempriere SA (2778 bales), and Standard Wool (2217 bales).

Most quality fleece wool types were slightly dearer with the average price for good top-making types of 19 microns gaining almost 2%.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down a slight 0.4% at R126.69/kg, 18.5 microns gained 0.5% at R125.17/kg, 19 microns were 1.8% dearer at R123.26/kg, 19.5 microns gained 0.6% to R119.28/kg, 20 microns were up by a marginal 0.2% at R114.73/kg, 20.5 microns rose by 1.7% to R113.51/kg, 21 microns increased by 0.9% to R112.08/kg, 21.5 microns were 0.9% dearer at R111.56/kg, and 22 microns rose 0.5% to close at R111.63/kg. 

Approximately 7500 bales will be on offer at next week’s sale.

Cape Wools

Must ReadView All

Textiles minister Smriti Irani at a press conference with minister of state for textiles, Ajay Tamta, the principal director general (M&C), PIB, AP Frank Noronha and other dignitaries. Courtesy: PIB

Apparel/Garments | On 23rd May 2017

Special package for knitwear coming soon: Irani

Union textiles minister Smriti Irani said that the government of...

Apparel/Garments | On 23rd May 2017

Apparel, footwear use may rise by 63% in 2030: Report

The apparel and footwear consumption is projected to rise by 63 per...

Apparel/Garments | On 23rd May 2017

Gap Inc earns $3.4 bn in net sales in Q1 FY17

Gap Inc's net sales for the first quarter of fiscal year 2017 were...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Krishnanand Tripathi
Textrade International Ltd

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

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Kerem Durdag
Biovation II LLC

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

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

Rupa Sood and Sharan Apparao

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

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:
May 2017

May 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