Home / Knowledge / News / Textiles / Slight improvement in Cape wool prices
Slight improvement in Cape wool prices
18
Apr '13
A weaker rand and limited offering contributed to the market regaining some of last week's losses and the Cape Wools Merino indicator rose 2.2% to close at R103.28/kg (clean).

This is in contrast with the Australian market where indicator has dropped to its lowest level in months, in part as a result of a strong dollar.

At this week's sale the the rand was trading at an average rate of R9,11 against the US dollar compared with R8.89 at last week's sale, down 2.5%. At R11.99, it had devalued by 3% against the euro.

It was a very small offering of 6 381 bales of which 98% was sold. With only five sales remaining, next week will see the smallest offering so far this season.

Major buyers were Standard Wool (2 286 bales), Lempriere SA (1 902 bales) and Modern (1 067 bales). Prices varied with some micron categories gaining up to 4% while other categories were down.

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: There were no quotes for 18 microns, 18.5 microns rose 5.3% at R112.52/kg, 19 microns were 0.9% cheaper at R110 80/kg, 19.5 microns gained 3.5% to R109.31/kg, 20 microns rose 2.6% to R105.24/kg, 20.5 microns strengthened by 4.5% to R104 84/kg, 21 microns gained 2.9% to R103.02/kg, 21.5 microns were down 3% at R9734/kg, and 22 microns were 1.7% cheaper to close at R101.92/kg. 

Approximately 3 800 bales will be on offer at next week's sale. The final sale of the season has been scheduled for 5 June.

Capewools

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

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

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Urs Stalder
Sanitized AG

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search