Home / Knowledge / News / Textiles / South African wool prices down 9.5% after Easter
South African wool prices down 9.5% after Easter
11
Apr '13
Wool prices dropped quite substantially at the first sale after the Easter recess and the Cape Wools Merino indicator fell by 9.5% to close at 10109 R/kg (clean).

This follows the drop in Australian prices and the strengthening of the rand against the US dollar over the past few days to its best level in weeks. The rand was trading at an average rate of R8.89 against the greenback compared with R9.25 a fortnight ago, up 3.9%. At R11.64, it had gained 1.8% against the euro.

According to local traders business conditions are difficult at present with some resistance from China.

This was also reflected in the sales percentage, which is lower than normal. The offering comprised 12 005 bales of which 94% were sold. The accumulative sales percentage up to Easter was 99.5%.

Major buyers were Standard Wool (4745 bales), Modiano (2535 bales), Lempriere SA (2088 bales), and Stucken & Co (1095 bales).

Prices were down across the board.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 11.7% at R107.97/kg, 18.5 microns dropped 10.4% at R106.82/kg, 19 microns were 5.6% cheaper at R111.81/kg, 19.5 microns softened by 8.7% to R105.58/kg, 20 microns shed 9.5% to R102.58/kg, 20.5 microns dropped 10.5% to R100.37/kg, 21 microns weakened 10.4% to R100.07/kg, 21.5 microns were down 11% at R100.34/kg, and 22 microns were 7.6% cheaper to close at R103.64/kg. 

Approximately 6400 bales will come under the hammer at next week’s sale.

CapeWools

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Larry L Kinn
Suominen Corporation

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Ritu Kumar
Label Ritu Kumar

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search