Home / Knowledge / News / Textiles / Wool market holds firm, Cape Wools
Wool market holds firm, Cape Wools
04
Feb '10
The wool market held up well at this week's sale despite a stronger rand en Cape Wools' Merino indicator closed a marginal 0.6% lower compared with last week at R61,66/kg (clean).

This was a particularly stable performance considering the 2.2% appreciation of the rand against the US dollar and the 2.8% strengthening against the euro. Strong demand from Asia, notably China and India, continues to support the market, while demand from Europe remains sluggish.

The sale was marked by keen competition from particularly grease wool exporters and 99% of the 8 115 bales on offer was sold.

Major buyers were Modiano SA (2 589 bales); Standard Wool SA (2 459 bales); Lempriere SA (1 284 bales), and Stucken (1 239 bales).

Average prices for good topmaking (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns declined by 1.2% to R69,57/kg; 21 microns were 1.6% cheaper at R61,17/kg; and 22 microns were down 0.5% to R61,09/kg. Approximately 7 000 bales will be offered at next week's sale.

Cape Wools


Must ReadView All

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Casper raises total funding of $240 million

Casper, the global sleep company launched three years ago has...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Larry L Kinn
Suominen Corporation

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Igor Chapurin
Chapurin

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

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

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


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