Home / Knowledge / News / Textiles / Cape Wools Merino indicator sheds 2.8%
Cape Wools Merino indicator sheds 2.8%
28
Feb '13
Prices dropped at this week’s sale in an apparent downward correction following the sharp increases of the past number of months and Cape Wools Merino indicator shed 2.8% to close at R110.70/kg (clean).

This is still up almost 27% on the opening level and 9% higher than at the same sale last season. Traders reported orders as “patchy” with complaints from some quarters about the current high prices levels.

The rand was fairly unchanged against the US dollar, trading at an average rate of R8.81, which was up a negligible 0.1% on the average rate at the previous sale, while it was considerably stronger against the euro, trading at R11,53 – up 2.6%.The offering comprised 7510 bales of which 99% was sold.  Major buyers were Lempriere SA (2214 bales), Standard Wool (1726 bales), Modiano SA (1502 bales) and Stucken & Co (1092 bales).

Prices were down across the board with the finer long fleeces posting the biggest declines. The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 5.9% at R119.27/kg, 18.5 microns shed 3.1% to R121.33/kg, 19 microns were 4.3% cheaper at R117.94/kg, 19.5 microns dropped 4% to R111.49/kg, 20 microns were down by 2.8% at R111.47/kg, 20.5 microns decreased by 3.8% to R109.15/kg, 21 microns weakened 2.3% to R109.45/kg, 21.5 microns were 1.8% cheaper at R109.52/kg, and 22 microns shed 2.1% to close at R109.33/kg. 

Approximately 9 500 bales will come under the hammer at next week’s sale.

Capewools

Must ReadView All

Textiles | On 23rd Feb 2017

Incentives would spur jobs: New ASSOCHAM president

Further incentives for investment into manufacturing, IT,...

Information Technology | On 23rd Feb 2017

Lectra unveils supply chain programme for fashion industry

Lectra, the world leader in integrated technology solutions dedicated ...

Textiles | On 23rd Feb 2017

Gujarat govt announces Rs 1,000 cr package for MSMEs

In its state budget for 2017-18, the Gujarat government has announced ...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Marten Alkhagen
Swerea IVF AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Johan Berlin
InvestKonsult Sweden AB

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

Rupa Sood and Sharan Apparao
Nayaab

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...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 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