Home / Knowledge / News / Textiles / Cape Wools Merino indicator gains 13.8%
Cape Wools Merino indicator gains 13.8%
05
Sep '13
This week’s sale saw a sharp increase in wool prices compared with the first sale of the new wool-selling season and the Cape Wools Merino indicator gained 13.8% to close at R116,03/kg (clean).

This increase is attributed to the active European demand pushing the market price of wool in an upward direction.

Traders commented that the relatively unchanged rand value played no role in the steep climb in the wool price. The rand was 0.7% weaker against the US dollar compared with the average rate at the previous sale, while it dropped 1% against the euro.

A total of 9 870 bales were on offer of which 98% was sold.

Fine wools were in keen demand with prices increasing significantly. The quality of the fine wools offered was excellent.

Major buyers were Modiano (2 498), Standard Wool (2 448), Stucken & Co (2 052) and Lempriere (1 800).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were up 9.6% to R124,00/kg, 18.5 microns rose by 11.9% to R123,59/kg, 19 microns gained  12.6% to R121 55/kg, 19.5 microns rose by 13.8% to R119,46/kg, 20 microns gained 14.2% to close at R117,48/kg, 20.5 microns were up 13.5% at R116,11/kg, 21 microns rose by 12.8% to R114,98/kg and 22 microns were 12.8% dearer at R114,79/kg.

The next auction will be held on 11 September 2013 where approximately 8 500 bales will be offered.

Cape Wools

Must ReadView All

Courtesy: Reliance Industries

Textiles | On 24th Apr 2017

Reliance’s FY17 revenue from petrochemicals up 12.2%

Increase in prices across polymers and polyester chain has...

Textiles | On 24th Apr 2017

India, Kazakhstan to increase cooperation in textiles

Indian and Kazakhstan are deliberating upon increasing cooperation in ...

Textiles | On 24th Apr 2017

GST reflects 'One nation, One aspiration' spirit: Modi

Prime Minister Narendra Modi has said that the Goods and Services Tax ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Anvita Mehra
Confidential Couture

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

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mark Paterson
Technical Absorbents Ltd

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

Marcel Alberts
Eurofibers

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

Madhu Jain
Madhu Jain

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

Wendell Rodricks
Wendell Rodricks

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
April 2017

April 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