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

AAFA hails passage of Miscellaneous Tariff Bill in US House

Apparel/Garments | On 24th Jan 2018

AAFA hails passage of Miscellaneous Tariff Bill in US House

The American Apparel & Footwear Association (AAFA) has applauded the...

India’s yarn, fabrics, made-ups imports rise 20% in Dec

Textiles | On 24th Jan 2018

India’s yarn, fabrics, made-ups imports rise 20% in Dec

India’s imports of yarn, fabrics and made-up articles during December ...

India’s Liberty Shoes plans adding 50 stores by 2019

Apparel/Garments | On 24th Jan 2018

India’s Liberty Shoes plans adding 50 stores by 2019

Indian footwear major Liberty Shoes is preparing to open about 50...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Urs Stalder
Sanitized AG

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.1%
No
13.4%
Skip
17.5%

Total Votes: 97

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.9%
No
28.9%
Skip
7.2%

Total Votes: 97

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.6%
No
9.3%
Skip
3.1%

Total Votes: 97

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
8.2%
Skip
9.3%

Total Votes: 97


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