Home / Knowledge / News / Textiles / SA wool prices up 12.9% since first sale this season
SA wool prices up 12.9% since first sale this season
03
Oct '13
The upward trend in wool prices continued at this week’s sale and the Cape Wools Merino indicator gained another 2.4% to close at R115,12/kg (clean). This is a 12.9% increase on the opening sale of the season.

According to traders, this increase was supported by a weaker rand and commented that China and Europe has shown some resistance towards the higher price obtained at this week’s offering, despite the Chinese economy showing signs of recovery the past month. China is also celebrating their National Day from 1 to 7 October.

The rand on the day traded 2.4% weaker at R10.10 against the US dollar, compared with last week’s average rate, and weakened 2.7% against the euro at R13.67. Prices were up across the board with the finer wools posting the biggest increases.

A total of 7 149 bales were on offer, of which 99.2% was sold. Most active traders were Modiano (1 904), Lempriere (1 631), Standard Wool (1 247) and Stucken & Co (1 244).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns gained 3% to close at R121,36/kg, 18,5 microns strengthened by 2.1% to R120,40/kg, 19 microns rose 1.8% to R119,18/kg, 19,5 microns strengthened by 2.3% to R118,02/kg, 20 microns rose 1.7% to close at R115,38/kg, 20,5 microns were up 2.1% at R114,77/kg, 21 microns rose 2.2% to R114,63/kg, 21,5 microns were 2.4% dearer at R114,41/kg and 22 microns were up 1.9% to close at R113,53/kg.

The next sale is scheduled for 9 October where approximately 10 500 bales will be on offer.

Cape Wools


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Marten Alkhagen
Swerea IVF AB

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Rupa Sood and Sharan Apparao
Nayaab

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

Igor Chapurin
Chapurin

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

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

July 2017

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

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

Yes No

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

Yes No

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


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



X