Home / Knowledge / News / Textiles / Market follows stronger rand downwards - Cape Wools
Market follows stronger rand downwards - Cape Wools
11
Mar '10
The strong rand once again weighed the market down and Cape Wools' Merino indicator shed 2.6% to close at R62,43/kg (clean). The rand was trading at R7,37 against the US dollar, which was an appreciation of 2.2% on last week's rate. It was trading at R10,00 against the euro, up 2.5% compared with last week.

The offering comprised 9 464 bales of which 98% was sold. Major buyers were Standard Wool SA (3 188 bales); Lempriere SA (1 902 bales); Modiano SA (1 746 bales), and Stucken (1 709 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns shed 1.8% to close at R69,85/kg; 19,5 microns were 0.9% cheaper at R67,09/kg; 20 microns dropped 1.6% to R64,90/kg; 20,5 microns were down 2.8% at R62,83/kg; 21 microns were 4,4% cheaper at R61,63/kg; 21,5 microns shed 1.1% to close at R62,46/kg, and 22 microns were down 2.2% at R62,39/kg.

Approximately 6 500 bales will be on offer at next week's sale.

Cape Wools


Must ReadView All

Moments of EPA signing in Tokyo. Courtesy: Twitter handle of Jean-Claude Juncker

Textiles | On 18th Jul 2018

EU and Japan sign Economic Partnership Agreement

European Union and Japan have signed an Economic Partnership...

Courtesy: Tego

Apparel/Garments | On 18th Jul 2018

Tego plans to expand product range in 2018-19

Tego, a company that creates premium athletic gear for modern...

Courtesy: OrganoClick

Textiles | On 18th Jul 2018

OrganoClick's OrganoTex finish is biodegradable

OrganoClick AB, developer and producer of environment-friendly fibre...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

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

Ashok Desai
Bombay Textile Research Association

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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

Leave your Comments


July 2018

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

news category


Related Categories:

Advanced Search