Home / Knowledge / News / Textiles / Cape wools market under pressure this week
Cape wools market under pressure this week
Nov '13
The wool market came under pressure at this week’s sale with the Cape Wool’s Merino Indicator shedding 3,1% on last week to close the day at R111,48/kg (clean).

This is 9,3% higher compared to the opening sale of this season and up 8,2% compared to the corresponding sale of the previous season.

The market appeared to be without direction while resistance to the high price levels may also have contributed to the lower prices. The sale resulted in a 94% clearance of the 11 243 bales on offer.

The rand on the day traded 0,2% stronger at R10,11 against the US dollar, compared with last week’s average rate and dropped 0,2% against the euro at R13,74.

The most active traders were Modiano (2 821), Standard Wool (2 493) and Lempriere (2 469).

The average clean prices for the different categories good top-making (MF5), long fleeces were as follows: 18 microns were down by 1,1% to R122,93/kg, 18,5 microns weakened by 0,9% to R121,61/kg, 19 microns shed 3,5% to R117,66/kg, 19,5 microns dropped 4,8% to close at R113,69/kg, 20.5 microns lost 2,3% at R112,34/kg, 21.5 microns shed 2,5% to R112,22/kg and 22 microns were down 1,1% to close at R112,85/kg.

The next sale is scheduled for 4 December where approximately 15 000 bales will be on offer. A special sale is also scheduled for 11 December.

Cape wools

Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Rahul Bhadani

Navigating through catalogues is a bit hasslesome

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Igor Chapurin

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search