Home / Knowledge / News / Textiles / Weak Rand pushes SA wool prices
Weak Rand pushes SA wool prices
07
Mar '13
This week’s sale saw prices rising slightly on the back of a weaker rand and the Cape Wools Merino indicator gained 1.3% on last week to close the day at R112.13/kg (clean).

The rand has weakened over the last few days, falling to its lowest level in weeks following unrest in the platinum mining industry. It was trading at an average rate of R9 against the US dollar, which was down 2.3% on last week’s average. At R11.76, it was 1.9% weaker against the euro.

It was a large offering comprising 15 558 bales, which included many re-offerings. A sales percentage of 99% was obtained. Major buyers were Standard Wool (4 031 bales), Modiano (3 685 bales), Lempriere SA (3 110 bales), and Stucken & Co (2 757 bales). Most fleece wools were dearer. The largest increase was for 18 microns fleeces, which gained over 3% on average.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 3.2% at R123.14/kg, 18.5 microns were unchanged at R121,38/kg, 19 microns were 1% dearer at R119.17/kg, 19.5 microns gained 1.6% to R116.36/kg, 20 microns rose 1.1% to R112.74/kg, 20.5 microns gained 2.1% to R111.49/kg, 21 microns rose 1.8% to R111.37/kg, 21.5 microns were 2% dearer at R111.71/kg, and 22 microns were up 1.8% to close at R111.32/kg. 

Approximately 9 500 bales will be offered next week.

CapeWools


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Kerem Durdag
Biovation II LLC

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

Johan Berlin
InvestKonsult Sweden AB

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

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...

Ritu Kumar
Label Ritu Kumar

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

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

September 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


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