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 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 29th Apr 2017

EU rules needed to curb textile worker exploitation: MEPs

European Union (EU) rules are needed to oblige textile and clothing...

Apparel/Garments | On 29th Apr 2017

US retail operating growth to be 1.5-2.5% in 2017: Moody's

The forecast for operating income growth in the US over the next 12...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Karan Toshniwal
Orange O Tec

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Marten Alkhagen
Swerea IVF AB

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Sonam & Paras Modi
SVA

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

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:
April 2017

April 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



X