Home / Knowledge / News / Textiles / Wool market slightly softer
Wool market slightly softer
13
May '10
Wool prices were slightly softer at this week's sale and the Cape Wools Merino indicator shed 1% compared with the previous sale two weeks ago to close at R60,92/kg (clean).
The downward trend is in line with Australia where prices have been moving downward following a slowing down in Chinese buying.

The rand was 0.6% weaker against the US dollar compared with the previous sale, trading at R7,46 against the dollar, but was 3.3% stronger against the euro at R9,46. Generally, good quality long fleece wools were in keen demand and prices for some of these categories were up. A total of 7 993 bales was offered of which 97% was sold. Major buyers were Standard Wool SA (2 316 bales); Modiano SA (1 695 bales); Lempriere SA (1 585 bales), and Stucken (1 345 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns were up 1.2% at R69,59/kg; 19,5 microns were 1% cheaper at R66,25/kg; 20 microns dropped 3% to close at R63,32/kg; 20,5 microns gained 1.6% to R63,13/ kg; 21 microns rose 1.3% to R63,23/kg; 21.5 microns were down a marginal 0.3% to close at R62,77/kg, and 22 microns were 2.3% cheaper at R61,26/kg.

No sale has been scheduled for next week. Sales will resume on 26 May, the penultimate sale, when approximately 8 000 bales will be offered.

Cape Wools SA

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Mohammad Hassan
Biax Fiberfilm

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

Marcel Alberts
Eurofibers

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

Ashok Desai
Bombay Textile Research Association

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

Robert Brunner
Devereux

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

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
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