Home / Knowledge / News / Textiles / Weak Rand once more benefits SA wool prices
Weak Rand once more benefits SA wool prices
Mar '13
The market benefited once again from the weak rand and the Cape Wools Merino indicator gained 1.9% on the previous week to close at R114.25/kg (clean).

The rand slid to its lowest level in four years against the US dollar following the release of worse than expected current account deficit figures. It was trading at an average rate of R9.17 against the US dollar, which was down 1.7% on last week’s average. At R 11.93, it was 1.5% weaker against the euro.

The offering comprised 7 996 bales of which 99% were sold. Wool receipts into brokers’ stores to date are 9.5% higher compared with the corresponding period last season.

Major buyers were Standard Wool (2180 bales), Modiano (1964 bales), Lempriere SA (1661 bales), and Stucken & Co (1311 bales).

Prices increased across the board, but 19 microns and 20.5 microns gained the most BY posting an average increase of 1.8%.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 1.1% at R124.51/kg, 18.5 microns gained 0.7% at R122.18/kg, 19 microns were 1.8% dearer at R121.27/kg, 19.5 microns gained 1.3% to R117.87/kg, 20 microns rose 1.5% to R114.48/kg, 20.5 microns gained 1.8% to R113.52/kg, 21 microns rose 1.4% to R112,98/kg, 21.5 microns were 0.7% dearer at R112.51/kg, and 22 microns were up 1.4% to close at R112.88/kg. 

No sale has been scheduled for next week due to the public holiday on 21 March.


Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

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...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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