Home / Knowledge / News / Textiles / Wool season closes on a soild note
Wool season closes on a soild note
14
Jun '08
The final wool sale of the season saw the Cape Wools' Merino indicator closing virtually unchanged at R61,42/kg (clean). This is almost 10% up on the opening sale and 4,7% higher than at the same sale last season. The average indicator for the season is up 28% compared with last season's average.

Prices were mixed with finer qualities (21 microns and finer of 70 mm length cheaper, while the stronger qualities of similar length gaining marginally. Short wools attracted limited interest with prices generally finishing softer.

The rand provided some support to the market after falling to a two-month low against as the US dollar, trading at R7,92 against the dollar, which was 2,8% weaker than at the previous sale a fortnight ago. At R12,27, the rand was 1,3% weaker against the euro.

The offering was fairly large (13 593 bales) and 98% was sold. Major buyers were Standard Wool SA (4 074 bales); Modiano (3 819 bales); Stucken (1 870 bales); Beier Finances (981 bales), and Chargeurs Wool (948 bales).

Average price movements for AWEX-type fleeces, MF4 and MF5 of 70 and 80 mm were as follows: 20 microns were down a marginal 0,3% at R67,95 /kg; 21 microns were up 0,3% at R63,46/kg; 22 microns rose 1,4% at R60,80/kg and 23 microns posted a solid gain of 3,4% to close at R59,64/kg. There were no quotes for 19, 24 and 25 microns due to insufficient quantities in these categories.

The first sale of the 2008/09 season will take place on 20 August.

capewools


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Ravindra Jain, Ashish Baid

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

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mark Paterson
Technical Absorbents Ltd

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mike Hoffman
Gildan Activewear SRL

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

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Igor Chapurin
Chapurin

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

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

October 2017

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
77.6%
No
13.4%
Skip
9.0%

Total Votes: 67

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
61.2%
No
28.4%
Skip
10.4%

Total Votes: 67

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
85.1%
No
10.4%
Skip
4.5%

Total Votes: 67

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
74.6%
No
11.9%
Skip
13.4%

Total Votes: 67


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