Home / Knowledge / News / Textiles / Wool prices at new seasonal high
Wool prices at new seasonal high
25
Feb '10
The wool market performed solidly at this week's sale with Cape Wools' Merino indicator gaining 5.6% on the back of strong demand to close at a seasonal high of R66,46/kg (clean). This is up 23% on the opening level.

The sale was marked by keen bidding from all sectors of the trade, but grease wool exporters once again dominated. A weaker currency further supported the market. The rand, at R7,73, was down 1.2% a gainst the US dollar comparedwith last week, while it was up 0.5% against the euro at R10,46. The prices for long Merino fleeces rose between 4% and 7% with the broader microns gaining the most.

The offering comprised 12 173 bales of which 99% traded hands. Major buyers were Standard Wool SA (4 051 bales); Modiano SA (2 991 bales); Lempriere SA (2 106 bales), and Stucken (1 547 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns rose 7.2% to R75,32/ kg; 19,5 microns were 4.7% dearer at R70,51/kg; 20 microns gained 4.2% to close at R68,09/kg; 20,5 microns were up 4.6% to R66,87/kg; 21 microns were 6.8% dearer at R66,09/kg; 21,5 microns gained 6.8% to close at R66,50/kg, and 22 microns rose 7% to R66,75/kg.

Approximately 9 500 bales will come under the hammer at next week's sale.

Cape Wools

Must ReadView All

Textiles | On 19th Jan 2017

Pakistan imposes duty on Indian fine cotton yarn

A provisional countervailing duty ranging from Rs 26.89 to Rs 55.8 a...

Textiles | On 19th Jan 2017

Union Budget: Textile sector expects excise duty revisions

Excise duty on man-made fibres should be reduced to bring it on par...

Union textiles minister Smriti Irani at the inauguration of IIGF in New Delhi with textiles secretary Rashmi Verma and other dignitaries. Courtesy: PIB

Apparel/Garments | On 19th Jan 2017

Ministry to reimburse apparel exporters for state levies

The textile ministry has received a sum of Rs 500 crore from the...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eamonn Tighe
Nature Works LLC

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Prathyusha Garimella
Prathyusha Garimella

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

Ritu Kumar
Label Ritu Kumar

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


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