Home / Knowledge / News / Textiles / Cape Wools Merino indicator gains 3%
Cape Wools Merino indicator gains 3%
06
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

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Lynda Kelly
Suominen Corporation

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Robert Brunner
Devereux

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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