Home / Knowledge / News / Textiles / Strong rand pulls market down - Cape Wools
Strong rand pulls market down - Cape Wools
04
Mar '10
The wool market weakened at this week's sale following the appreciation of the rand and Cape Wools' Merino indicator shed 3.5% to close the day at R64,11/kg (clean). The rand was tracking the recovery of the euro against the US dollar, and at R7,53 was up 2.5% against the US dollar.

It was trading at R10,26 against the euro, which was an appreciation of 1.5%. The offering comprised 11 273 bales of which 96% was sold. Major buyers were Standard Wool SA (3 493 bales); Modiano SA (2 861bales); Lempriere SA (2 697 bales), and Stucken (1 228 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns shed 5.6% to close at R71,12/kg; 19,5 microns were 4% cheaper at R67,72/kg; 20 microns fell by 3.2% to R65,93/kg; 20,5 microns were down 3.3% to R64,63/kg; 21 microns were 2.5% cheaper at R64,45/kg; 21,5 microns shed 5% to close at R63,16/kg, and 22 microns were down 4.4% at R63,80/kg.

Approximately 10 000 bales will be offered at next week's sale.

Cape Wools

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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