Home / Knowledge / News / Textiles / Wool prices soars this second week
Wool prices soars this second week
26
Jan '08
Wool prices soared for a second consecutive week despite a large offering and Cape Wools' Merino indicator finished the day up 5,4% on last week at R64,65/kg (clean).

This is a seasonal high and up 15,5% on the opening sale, and 3,7% higher than the previous high of R62,35/kg (clean). The drop in the value of the rand, which was trading down 3,5% against the US dollar at R7,09, contributed to the prices hike. The rand also was 1,9% weaker against the euro at R10,34. The Australian indicator closed 1,3% higher.

In contrast to last week, when the medium wools gained the most, this week saw the finer end of the market posting the biggest increases with 19 microns gaining almost 8%, while 20 microns were up by almost 7%.

This week's offering came to 13 232 bales of which 97% was cleared to the trade. Major buyers were Modiano (2 662 bales), Standard Wool SA (2 454 bales); Chargeurs Wool (2 335 bales); Segard Masurel (1 599 bales), and Stucken (1 520 bales).

Average price movements for AWEX-type fleeces, MF4 and MF5 of 70 and 80 mm were as follows: 19 microns gained 7,8% at R83,90/kg; 20 microns rose 6,8% at R73,52/kg; 21 microns were 6,2% dearer at R66,58/kg; 22 microns were up 6,3% at R64,23/kg; 23 microns increased by 4,7% at R61,27/kg, but there no quotes for 24 microns and 25 microns.

Approximately 8 500 bales will be offered at next week's sale.

Cape Wools SA


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Top executives
Textile industry

The foremost issue is bridging the skill gap

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Ravindra Jain, Ashish Baid

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

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mark Paterson
Technical Absorbents Ltd

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Lynda Kelly
Suominen Corporation

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

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Pranav Mishra
Huemn

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

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

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

Leave your Comments


April 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search