Home / Knowledge / News / Textiles / Cape Wools' Merino indicator up
Cape Wools' Merino indicator up
Jan '08
The first sale after the Christmas recess kicked off on a high note when Cape Wools' Merino indicator rose 6,4% to close at R61,31/kg (clean), pushing the indicator above the key R60/kg level. This represents a 9,6% increase since the opening sale.

For producers this was a welcome turnaround after the lacklustre performance in December when prices weakened slightly, mainly as a result of a strong currency.

The rand was slightly weaker compared with the last sale in December, trading at R6,85 to the US dollar compared with R6,73, and was 1,8% weaker against the euro R10,16

There was strong competition from all sectors of the trade for the 13 514 bales on offer – the second largest offering this season so far – and a sales percentage of 95% was achieved.

The biggest gains were posted in the medium micron categories (21 microns to 24 microns), which saw increases of between 7% and 11%.

Major buyers were Standard Wool SA (2 877 bales); Modiano (2 395 bales), Chargeurs Wool (1 782 bales); Stucken (1 306 bales); ADF (1 277 bales); and Segard Masurel (1 274 bales).

Average price movements for AWEX-type fleeces, MF4 and MF5 of 70 and 80 mm were as follows: 19 microns gained 4,9% at R77,82 /kg; 20 microns rose 7,5% at R68,83/kg; 21 microns were 7,1% dearer at R62,66/kg; 22 microns were up 8,7% at R60,42/kg; 23 microns increased by 11,1% at R58,50/kg, and 24 microns were 8,7% dearer at R54,52/kg. There were no quotes for 25 microns. Approximately 12 000 bales will be offered at next week's sale.

Cape Wools SA

Must ReadView All

Apparel/Garments | On 21st Oct 2016

China’s garment retail sales grow 7.2% in Jan-Sept ’16

Retail sales of garments, footwear, hats and knitwear of Chinese...

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Rashi Menda

Every fifth sale we make on Zapyle is a repeat purchase

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kevin Nelson

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

Wendell Rodricks
Wendell Rodricks

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search