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

Courtesy: India ITME

Textiles | On 8th Dec 2016

Industry needs to create 1cr jobs in 3yrs: Kavita Gupta

Sharing several initiatives laid out by the government in R&D,...

Textiles | On 8th Dec 2016

Package will boost made-ups sector: SIMA

The reforms package approved by the Union Cabinet to boost employment ...

Textiles | On 8th Dec 2016

Cabinet okays reforms to boost jobs in made-ups sector

The Union Cabinet chaired by prime minister Narendra Modi has given...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Urs Stalder
Sanitized AG

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search