Home / Knowledge / News / Textiles / Cape Wools Merino indicator gains 3%
Cape Wools Merino indicator gains 3%
Jun '13
A weak rand and relatively good demand pushed prices higher at the final sale of the season and the Cape Wools Merino indicator gained 3% on the previous sale to close at R110 31/kg (clean).

This up almost 26% on the opening sale and 17% higher than at last season’s closing sale. The indicator remained above the R100/kg level for most of the season.

Demand was fairly strong as buyers were buying stock to carry them over in the short term.

Although the rand had strengthened slightly from its lowest level, it was still trading at four-year lows against the US dollar and other developed country currencies.

The average rate of the rand to the dollar was R9,83 compared with an average of R9,51 at the previous sale a fortnight ago – a drop of 3.3%. At R12, 85 it was 4.5% weaker against the euro.

It was a big offering, comprising 13 973 bales of which 99% were sold. Major buyers were Standard Wool (5 146 bales), Modiano (3 546 bales) and Lempriere SA (2 479 bales).

All long wools were dearer but the broader end of the market increased the most.

The average clean prices for the different categories good top-making (MF5), long fleeces (80-90 mm) were as follows: 18 microns gained 2.3% to R120 04/kg, 18.5 microns rose by 1% to R116 91/kg, 19 microns were 4.3% dearer at R116 52/kg, 19.5 microns were up 2.6% to R113 81/kg, 20 microns gained 2.3% to R111,62/kg, 20.5 microns increased by 1.8% to R111 47/kg, 21 microns gained 3.9% at R110 65/kg, there were no quotes for 21.5 microns, and 22 microns were 2.6% dearer to close at R109 89/kg. 

The first sale of the new season has been scheduled for 21 August.

Cape Wools

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Rajiv Sirohi

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

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Suresh Patel
Sidwin Fabric

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Bani Batra

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

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Prathyusha Garimella
Prathyusha Garimella

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

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

February 2017

February 2017

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


Browse Our Archives


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