Home / Knowledge / News / Textiles / Wool market up despite strong currency
Wool market up despite strong currency
Mar '10
Wool prices lifted at this week's sale despite a s tronger rand and Cape Wools' Merino indicator gained 2.2% to close at R63,79/kg (clean). Factors that contributed are an increase in Australian prices, imp roved interest from Europe, supply concerns in China and the fact that this week's sale was a fairly small one.

The rand was trading at R7,28 against the US dollar, an appreciati on of 1.1% compared with last week, while it was a marginal 0.4% weaker against the euro at R10,04.

The offering comprised 6 530 bales of which 97% was sold. Major bu yers were Modiano SA (1 922 bales); Standard Wool SA (1 657 bales) and Lempriere SA (1 293 bales).

Wool receipts into brokers' stores up to mid March are up 3.2% com pared with the corresponding period the previous season, which may indicate a slight increase in production this season.

Average prices for good top -making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns gained 0.6% to close at R70,25/kg; 19,5 microns were 2.6% dearer at R68,8 6/kg; 20 microns were virtually unchanged at R65,03/kg; 20,5 microns were up 1.5% at R63,76/kg; 21 microns were 2.1% dearer at R62,92/kg; 21,5 microns gained 1.7% to close at R63,51/kg, and 22 microns rose 3.2% to R64,39/ kg.

No sale has been scheduled for next week. Sales will resume on 3 M arch when approximately 9 500 bales will come under the hammer.

Cape Wools

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Mohammad Hassan
Biax Fiberfilm

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

Ashok Desai
Bombay Textile Research Association

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner

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

Wendell Rodricks
Wendell Rodricks

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search