Home / Knowledge / News / Textiles / Wool market shrugs off strong rand
Wool market shrugs off strong rand
07
Oct '10
The wool market shrugged off the strong currency for a second consecutive week and Cape Wools' Merino indicator gained 1.2% to close at R58,00/kg (clean). The Australian market also strengthened despite the strong US exchange rate. The rand hit a new peak against the US dollar at R6,84, which was an appreciation of 1.1% compared with last week rates. It was 0,8 weaker against the euro at R9,47.

There was strong competition for the 8 005 bales on offer and 97% was sold. Buyers for Europe dominated. Major buyers were Modiano SA (3 079 bales), Standard Wool SA (1 783 bales) and Stucken (1 207 bales). Prices were mixed with the finer end of the market slightly cheaper, while the broader wools gained substantially.

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns were down a marginal 0.7% at R70,93/kg; 19,5 microns shed 1.2% to close at R65,02/kg; 20 microns were 1.2% dearer at R61,17/kg; 20,5 microns gained 2.7% at R60,64/kg; 21 microns strengthened by 2.8% to R59,72/kg; 21,5 microns were up 2.4% at R59,11/kg and 22 microns were 3.3% dearer at R58,50/kg.

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

Cape Wools


Must ReadView All

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Apparel/Garments | On 15th Dec 2017

Ethiopia’s Kombolcha Industrial Park attracts foreign firms

Strategic location, modern factory facilities and proximity to the...

Courtesy: 2XU

Apparel/Garments | On 15th Dec 2017

L Catterton Asia announces JV of GXG and 2XU

L Catterton Asia, the Asian unit of the largest and most global...

15 trade associations urge nations to safeguard WTO system

Apparel/Garments | On 15th Dec 2017

15 trade associations urge nations to safeguard WTO system

Fifteen trade and industry associations from across the world have...

Interviews View All

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

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...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Wendell Rodricks
Wendell Rodricks

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

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

December 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.6%
No
12.0%
Skip
18.5%

Total Votes: 92

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.0%
No
30.4%
Skip
7.6%

Total Votes: 92

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.0%
No
9.8%
Skip
3.3%

Total Votes: 92

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.5%
No
8.7%
Skip
9.8%

Total Votes: 92


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search