Home / Knowledge / News / Textiles / Wool prices rise sharply
Wool prices rise sharply
Oct '10
Wool prices rose sharply at this week's sale on the back of strong demand and a small offering and Cape Wools' Merino indicator gained 6% to close at R61,48/kg (clean). This is the highest level for the season and 6.4% above the opening level.The Australian market also improved with the indicator rising above the key A900c/kg level.

The rand was 0.7% stronger against the US dollar compared with last week and traded at R6,79. It was virtually unchanged against the euro at R9,48. The offering comprised 6 543 bales of which 99% was sold. Major buyers were Modiano SA (2647 bales), Standard Wool SA (1511 bales) and Lempriere SA (1162 bales). Prices were up across the board with the stronger end of the market gaining the most.

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns increased by 3.6% to R73,46/kg; 19.5 microns gained 4.2% to close at R67,78/kg; 20 microns were 6% dearer at R64,84/kg; 20.5 microns rose 5.1% to R63,53/kg; 21 microns strengthened by 6.2% to R63,41/kg; 21.5 microns were up 4.4% at R61,72/kg and 22 microns were 5.3% dearer at R61,61/kg.

Approximately 11 000 bales will come under the hammer at next week's sale.

Cape Wools SA

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Amardeep Singh
Orient Craft

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

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Marten Alkhagen
Swerea IVF AB

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

Silke Brand-Kirsch
Schlegel und Partner

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Robert Brunner

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

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