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

Market share of Indian textile items expand in 13 nations

Textiles | On 11th Dec 2017

Market share of Indian textile items expand in 13 nations

Thirteen countries — Germany, France, Italy, the United States,...

Courtesy: EUBrasil

Textiles | On 11th Dec 2017

Euratex, ABIT welcome negotiations for EU-Mercosur FTA

European Apparel and Textile Confederation (Euratex) and the...

Most firms expect no change in investment plans: CII survey

Textiles | On 11th Dec 2017

Most firms expect no change in investment plans: CII survey

Despite visible optimism in Indian industry with the Confederation of ...

Interviews View All

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Sanjay Yagnik
Maa Tex Speciality

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

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Marcel Alberts
Eurofibers

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Robert Brunner
Devereux

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

December 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
69.2%
No
12.1%
Skip
18.7%

Total Votes: 91

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
61.5%
No
30.8%
Skip
7.7%

Total Votes: 91

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
86.8%
No
9.9%
Skip
3.3%

Total Votes: 91

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
81.3%
No
8.8%
Skip
9.9%

Total Votes: 91


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