Home / Knowledge / News / Textiles / Cape Wools market remains steady this week
Cape Wools market remains steady this week
14
Nov '13
The wool market held on to last week’s gains and the Cape Wools Merino indicator closed the day up by a marginal 0.2% at R114.71 /kg (clean). This is 12.5% higher compared to the opening sale of this season and up 14.4% compared to the corresponding sale of the previous season.

Good competition, a weaker rand and solid demand for good quality wool from the various sectors of the trade resulted in a 99% clearance of the 12 208 bales offered at this week’s sale. 

The rand on the day traded 1.5% weaker at R10.32 against the US dollar, compared with last week’s average rate, and weakened 0.8% against the euro at R13.86.

The most active traders were Modiano (3 529), Standard Wool (3 318), Lempriere (2 274) and Stucken & Co (1 139).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18,5 microns strengthened by 0.2% to R123,38/kg, 19 microns gained 0.5% to R121,63/kg, 19,5 microns rose 0.7% to close at R119,25/kg , 20 microns were up 0.8% to close at R116,46/kg, 20.5 microns gained 0.5% at R115,53/kg, 21 microns were 0.3% cheaper at R114,79/kg, 21.5 microns dropped 0.5% to R114,56/kg and 22 microns were up 2.8% to close at R114,37/kg.

The next sale is scheduled for 20 November where approximately 13 500 bales will be on offer.

Cape Wools


Must ReadView All

Apparel/Garments | On 26th Jun 2017

GSTN registration reopens

E-commerce operators and TDS (tax deducted at source) deductors can...

Textiles | On 26th Jun 2017

Expedite release of ROSL pending claims: TEA to Centre

The Tiruppur Exporters' Association (TEA) has again urged Union...

Textiles | On 26th Jun 2017

'Export promotion schemes to continue under GST regime'

The export promotion schemes will continue under GST regime, said...

Interviews View All

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Ashok Desai
Bombay Textile Research Association

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

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra
Huemn

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

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:
July 2017

July 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