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

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mohammad Hassan
Biax Fiberfilm

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

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Silvia Venturini Fendi
Fendi s.r.l

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

Sanjukta Dutta
Sanjukta's Studio

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

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