Home / Knowledge / News / Textiles / Wool market marginally down as currency strengthens
Wool market marginally down as currency strengthens
Apr '09
The market was relatively firm at this week's sale despite a stronger rand with Cape Wools' Merino indicator easing a marginal 0.7% compared with the same sale a fortnight ago to close at R46.73/kg (clean).

At R9.06, the rand was1.6% stronger against the US dollar compared with the average exchange rate at the previous sale, while it was 3.4% stronger against the euro at R11.72.

With sales taking place every second week, competition between the various sectors of the trade remains strong, lending good support to the market. A total of 11 452 bales was offered, of which 98% changed hands. Major buyers were Standard Wool SA (3 639 bales); Stucken (1 683 bales); Modiano (1 541 bales); Lempriere SA (1 443 bales), and Segard Masurel (997 bales).

Average prices for AWEX types MF4 and MF5 (70 mm) were as follows: 19 microns were down 2.7% at R61.97/kg; 20 microns gained 1.1% to R50.13/kg; 21 microns were down 2% to R47.59/kg, and 22 microns eased 2.4% to R47.65/kg.

There will be no sale next week. The next sale has been scheduled for 6 May when approximately 10 000 bales will come under the hammer.


Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eric Scholler

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

Larry L Kinn
Suominen Corporation

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

Robert Brunner

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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

March 2017

March 2017

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


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search