Home / Knowledge / News / Textiles / South African wool prices continue to climb
South African wool prices continue to climb
12
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 (2498), Standard Wool (2448), Stucken & Co (2052) and Lempriere (1800). 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 8500 bales will be offered.
 

Capewools

Must ReadView All

Textiles | On 24th Jan 2017

Textile industry demands relaxation of laws from Budget

The upcoming Union Budget 2017-18 should focus on relaxing certain...

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Interviews View All

Frank Gossmann
Rotorcraft AG

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

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Paolo Ocleppo
Sandvik Hyperion

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

Giorgio Mantovani
Corman S.p.A

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

Lynda Kelly
Suominen Corporation

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

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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