Home / Knowledge / News / Textiles / Weak Rand once more benefits SA wool prices
Weak Rand once more benefits SA wool prices
14
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.

Capewools


Must ReadView All

Chinese firm sets up textile-garment chain in Vietnam

Apparel/Garments | On 13th Dec 2017

Chinese firm sets up textile-garment chain in Vietnam

Worldon Vietnam Co. Ltd under the Chinese Shenzhou Group is likely to ...

Courtesy: SATO Global Solutions

Information Technology | On 13th Dec 2017

Sensor networks improve inventory management

Sensor networks like radio frequency identification (RFID) and smart...

CMAI hails review of FTP as 'progressive package'

Apparel/Garments | On 13th Dec 2017

CMAI hails review of FTP as 'progressive package'

The Clothing Manufacturers' Association of India (CMAI) has hailed...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Sanjay Yagnik
Maa Tex Speciality

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

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Liz Manning

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Kevin Nelson
TissueGen

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Aditi Somani
Aditi Somani

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints 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
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

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
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

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
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

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
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


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