Home / Knowledge / News / Textiles / Wool market softens on stronger rand
Wool market softens on stronger rand
12
Feb '09
Continuing downward pressure on commodity prices and a stronger rand were the two major factors contributing to the 2.6% decrease in Cape Wools' Merino indicator at this week's sale, and the indicator closed at R42.55/kg (clean).

The rand was extremely volatile in the course of the morning, but the average rate for the day came to R9.84 against the US dollar – 1.9% stronger compared with the average rate at last week's sale. The rand, at R12.73, was 2.1% stronger against the euro.

A total of 9 345 bales was on offer and 84% was sold, which was on par with last week's sales percentage of 86%, indicating ongoing caution of purchases by the local buyers. Major buyers were Lempriere SA (2 177 bales); Standard Wool SA (1 854 bales); Segard Masurel (1 503 bales) and Modiano (733 bales).

Average prices for long fleece wools were down across the board. Average prices for AWEX types MF4 and MF 5 (70mm to 80 mm) were as follows: 19 microns dropped 0,6% to R56.11/kg; 20 microns were down 2.1% to R48.70/kg; 21 microns were 3.2% cheaper at R45.10/kg and 22 microns shed 1.4% to R45.07/kg. There were no quotes for 23 microns to 25 microns.

Approximately 11 500 bales will come under the hammer next week.

Capewools


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Courtesy: Coolvision

Textiles | On 20th Jun 2018

FiberVisions to show new range of CoolVisions fibre at OR

FiberVisions, an Indorama Ventures company, is set to present a new...

Interviews View All

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives
Textile & apparel bodies

Textile industry would like to see inclusion of cotton yarn under MEIS and ...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Suresh P Bagrecha

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

Harsh Shah

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Suresh Patel
Sidwin Fabric

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

Larry L Kinn
Suominen Corporation

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

Amiben Shroff
Shrujan

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

Jay Ramrakhiani
Occasions Elegance Wear

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

Yash P. Kotak
Bombay Hemp Company

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

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


June 2018

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

news category


Related Categories:

Advanced Search