Home / Knowledge / News / Textiles / Another rise in wool prices
Another rise in wool prices
21
Oct '10
The wool market continued its upward trend at this week's sale and Cape Wools' Merino indicator gained another 2.6% to close at a fresh seasonal peak of R63.09/kg (clean).

This means that the indicator has gained 9% since the opening sale. In Australia. the market has also strengthened, gaining almost 2%.

Much of the market strength is the result of continued strong demand from Europe.

The rand has been on the back foot over the past two days and was 1.7% weaker against the US dollar compared with last week, trading at R6.90. It was 0.5% weaker against the euro at R9.53.

The offering comprised 10 467 bales of which 99% was sold. Major buyers were Standard Wool SA (3 546 bales), Modiano SA (3 473 bales), Stucken (1 504 bales) and Segard Masurel (1 021 bales).

The prices of most types were dearer. with good quality wools gaining most.

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19.5 microns gained 2.5% to close at R69.48/kg; 20.5 microns rose 2.6% to R65.16/kg and 21.5 microns were up 3.1% at R63.66/kg.

Approximately 8 000 bales will come under the hammer at next week's sale.

Cape Wools SA


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Mike Hoffman
Gildan Activewear SRL

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

Madhu Jain
Madhu Jain

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

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

July 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

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

Yes No

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

Yes No

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


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



X