Home / Knowledge / News / Textiles / Cape Wools Merino prices soften this week
Cape Wools Merino prices soften this week
24
Oct '13
The wool market put up a lacklustre performance at this week’s sale with wool prices easing and the Cape Wools Merino indicator shed 2.6% compared with last week’s sale to close at R113.26/kg (clean).

According to traders, resistance from China towards the current price levels affected this week’s wool sale and the large offerings expected over the next four weeks are also viewed as a contributing factor.

The strengthening of the rand against the US dollar also weighed on prices. The rand was 1.6% stronger at R9.76 against the US dollar, compared with last week’s average rate, while remaining steady against the euro at R13.44.

Wool prices dropped across the board with the medium types posting the greatest decline.

A total of 10 229 bales were on offer, of which 98% was sold. Most active traders were Standard Wool (2 334), Lempriere (2 240), Modiano (2 134) and Stucken & Co (1 796).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 2.1% at R121,46/kg, 18,5 microns weakened by 1.9% to R120,13/kg, 19 microns dropped 3.6% to R117,75/kg, 19,5 microns shed 2.9% to close at R116,57/kg , 20 microns dropped 2.4% to close at R114,73/kg, 20,5 microns were down 2.4% at R114,38/kg, 21 microns shed 1.8% to R114,27/kg, 21,5 microns were 2.2% dearer at R113,64/kg and 22 microns were down 2.3% to close at R112,25/kg.

The next sale is scheduled for 30 October where approximately 9 500 bales will be on offer.

Cape Wools


Must ReadView All

Textiles | On 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Mark Paterson
Technical Absorbents Ltd

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

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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