Home / Knowledge / News / Textiles / Cape wools market drops slightly this week
Cape wools market drops slightly this week
Oct '13
The wool market dropped slightly at this week’s sale and the Cape Wools Merino indicator closed 2.4% lower at R110,51/kg (clean) compared to last week’s. This is 8.4% higher compared to this season’s opening sale.

There was keen competition on the auction floor between grease-wool exporters and processors and 99% of the offering of 9 548 bales was sold. According to traders, resistance from China towards the current price levels of raw wool continued to affect this week’s wool sale.

The rand had little influence on the market and at R9,84 it was 0.8% weaker against the dollar compared with last week’s average rate. At R13,53 it had lost 0.7% on average value against the euro.

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

Most active traders were Modiano (2 712), Standard Wool (2 327), Lempriere (2 151) and Stucken & Co (1 282).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down 2.3% at R118,72/kg, 18,5 microns weakened by 2.6% to R117,06/kg, 19 microns dropped 1% to R116,57/kg, 19,5 microns shed 1.8% to close at R114,52/kg , 20 microns dropped 1.9% to close at R112,50/kg, 20,5 microns were down 2.7% at R111,27/kg, 21,5 microns were 2.9% cheaper at R110,37/kg and 22 microns were down 1.8% to close at R110,21/kg.

The next sale is scheduled for 6 November where approximately 12 500 bales will be on offer.

Cape Wools

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Janak Dhamanwala & Sunil Dhamanwala

Moving towards sustainability is also a social change

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Mark Paterson
Technical Absorbents Ltd

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

Mohammad Hassan
Biax Fiberfilm

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

Tony Ward
Tony Ward

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Wendell Rodricks
Wendell Rodricks

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

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


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