Home / Knowledge / News / Textiles / Solid rise in wool prices at resumption of sales
Solid rise in wool prices at resumption of sales
16
Jan '10
The first sale after the Christmas recess got off to a good start when prices rose across the board and Cape Wools' Merino indicator gained a solid 4.1% on the previous sale in December to close at R63,20/kg (clean), the highest level this season.

Strong demand from China, supply concerns and a hike in Australian prices, where the indicator jumped 2.4%, helped to push prices higher despite the rand appreciating against major currencies.

The rand, at R7.38, was 1.6% stronger against the US dollar compared with the exchange rate at the previous sale. It was trading at R10.70 against the euro, which was up 3.2% compared with the previou1s sale. A total of 12 455 bales were on offer of which 99% changed hands.

Major buyers were Standard Wool SA (5 825 bales); Stucken (2 236 bales); Lempriere SA (2 003 bales), and Modiano (1 377 bales).

Average prices for good topmaking (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns gained 4% to R73,99/ kg; 19,5 microns rose 1% to R67,63/kg; 20 microns increased by 1.6% to R65,02/kg; 20.5 microns were up 2.7% at R64,22/kg; 21 microns were by 3.6% dearer at R63,20/kg; 21.5 microns rose 5.2% to R63,01/kg and 22 microns were 6.1% dearer at R63,18/kg.

Approximately 15 000 bales will be offered at next week's sale.

Cape Wools' Merino Indicator


Must ReadView All

Textiles | On 18th Aug 2017

Turkey imposes temporary duty on POY from 7 countries

Turkish ministry of economy has announced imposition of provisional...

Textiles | On 18th Aug 2017

GST return filing deadline for transitional credit

For businesses who want to avail the transitional input tax credit...

Apparel/Garments | On 18th Aug 2017

AEPC wants clarity on minimum wages for garment sector

The Apparel Export Promotion Council (AEPC) has urged the Indian...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Paolo Ocleppo
Sandvik Hyperion

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Pranav Mishra
Huemn

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 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
66.7%
No
16.7%
Skip
16.7%

Total Votes: 30

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
43.3%
No
36.7%
Skip
20.0%

Total Votes: 30

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
83.3%
No
6.7%
Skip
10.0%

Total Votes: 30

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
60.0%
No
10.0%
Skip
30.0%

Total Votes: 30


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