Home / Knowledge / News / Textiles / Wool season closes on positive note
Wool season closes on positive note
10
Jun '10
The final sale of the 2009/2010 season saw prices improving and Cape Wools' Merino indicator gained 1.5% compared with the previous sale a fortnight ago to close at R58,71/kg (clean).

Although prices softened towards the end of the season, the market performed considerably better than last season. The indicator remained above the key R60/kg level for most of the season and at the closing sale was up 9% on the opening sale and 25% higher than at the same sale the previous season.

The market peaked at R66,46/kg at end February before losing some momentum over the past week weeks. The rand, although trading in a narrow range, was 1.2% firmer against the US dollar compared with the previous sale, trading at R7,69 against the greenback, and 3,9% stronger against the euro at R9,20.

It was a fairly big offering, totalling of 12 520 bales of which 97% was sold. Major buyers were Modiano SA (4 571 bales); Standard Wool SA (3 288 bales); Stucken (1 660 bales), and Lempriere SA (1 135 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19,5 microns were 3.5% dearer at R64,06/kg; 20,5 microns softened 0.5% to R60,49/kg, and 22 microns were 1.2% firmer at R59,96/kg.

The first sale of the 2010/2011 marketing season will take place on 18 August 2010.

Cape Wools


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Marten Alkhagen
Swerea IVF AB

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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


June 2018

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

news category


Related Categories:

Advanced Search