Home / Knowledge / News / Textiles / Cape Wools Merino indicator drops 3.5%
Cape Wools Merino indicator drops 3.5%
May '13
The continued difficult demand conditions affected this week’s wool sale and the Cape Wools Merino indicator dropped 3.5% compared with the previous sale a fortnight ago to close at R99 22/kg (clean).

With today’s result the gap between last season and this season has narrowed considerably.

The strengthening of the rand against the US dollar also weighed on prices. The average rate of the rand was R9 03 against the green back, which was up 1.5% against the average at the previous sale. It had also gained 0.7% against the euro.

Demand from China remains slow following weak demand from Europe, while the government has cut back on orders for woollen uniforms for government employees. These factors are also affecting business confidence.

A total of 10 867 bales was offered of which 99% was sold. Major buyers were Standard Wool (3 704 bales), Lempriere SA (2 477 bales), Modiano (1 931 bales), and Stucken & Co (883 bales).

Prices were down across the board with the broader end of the market dropping the most.

The average clean prices for the different categories good top-making (MF5), long fleeces (80-90 mm) were as follows: 18 microns dropped by 2.7% to R105 86/kg, 18,5 microns weakened by 1.4% to R105 80/kg, 19 microns were 0.1% cheaper at R105 32/kg, 19 5 microns dropped 5.5% to R102 43/kg, 20 microns shed 4.7% to R101 11/kg, 20 5 microns dropped by 4.6% to R100 74/kg, 21 microns weakened by 4.7% to R100,00/kg, 21 5 microns were down 3.5% to R99 91/kg, and 22 microns were 2.9% cheaper to close at R100 42/kg. 

No sale has been scheduled for next week. Sales will resume on 22 May when approximately 10 000 bales will be offered. This will also be the penultimate sale of the season with the final taking place on 5 June.

Cape Wools

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

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

Anvita Mehra
Confidential Couture

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

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Marcel Alberts

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

Mohammad Hassan
Biax Fiberfilm

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Robert Brunner

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search