Home / Knowledge / News / Textiles / Wool prices up 25% in this week
Wool prices up 25% in this week
Feb '08
The wool market exceeded all expectations at this week's sale when Cape Wools' Merino indicator surged by 5,1% to close at a fresh seasonal high of R69,72/kg (clean). This is up 25% on the opening sale.

Concern about the supply of quality Merino wools for the remainder of the season appears to have been the main driving force behind the price hike. The fact that there will be no sale next week may also have contributed.

With the rand regaining most of last week's losses, the exchange rate played only a minor role. The rand was trading at R7,69 against the US dollar, down 0,8%, while the euro was virtually unchanged at R11,21.

There was brisk demand for all quality wools and prices rose across the board. The offering totaled 9 428 bales, almost 2 000 bales more than last week, of which 98% changed hands.

Major buyers were Standard Wool SA (1 858 bales); Modiano (1 719 bales); Chargeurs Wool (1 516 bales); Stucken (1 068 bales), and Lempriere (Aust) Ltd (925 bales).

Average price movements for AWEX-type fleeces, MF4 and MF5 of 70 and 80 mm were as follows: 19 microns were up 2,5% at R90,04/kg; 20 microns gained 2,8% at R79,04/kg, and 21 microns were 4,4% dearer at R71,21/kg. There were no quotes for 22, 23, 24 and 25 microns due to insufficient quantities in these categories.

No sale has been scheduled for next week. Sales will resume on 27 February when an estimated 11 000 bales will be offered.

Cape Wools SA

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

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

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

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Mohammad Hassan
Biax Fiberfilm

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

Marcel Alberts

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Silvia Venturini Fendi
Fendi s.r.l

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

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

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