Home / Knowledge / News / Textiles / Wool market softens on stronger rand
Wool market softens on stronger rand
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.


Must ReadView All

Apparel/Garments | On 23rd Jun 2017

Alfredo Grassi to develop graphene-enhanced workwear

Alfredo Grassi, manufacturer of customised protective clothing,...

Courtesy: IMRG

Apparel/Garments | On 23rd Jun 2017

UK online retail sales up only 10.2 pc YoY in May 2017

UK online retail sales were up 10.2 per cent year-on-year (YoY) in...

Courtesy: Radicigroup

Textiles | On 23rd Jun 2017

Radici Chimica focuses on business continuity

Radici Chimica SpA, a strategic RadiciGroup company, is keen on...

Interviews View All

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Suresh Patel
Sidwin Fabric

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

Urs Stalder
Sanitized AG

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Pranav Mishra

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

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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