Home / Knowledge / News / Textiles / Wool prices slightly softer
Wool prices slightly softer
28
Oct '10
Wool prices were slightly softer at this week's sale after the steep increase of the past few weeks, and Cape Wool's Merino indicator was down 0.8% compared to last week to close at R62,56/kg (clean). There was keen demand, however, for the finer types on offer and prices for these also increased, while the medium wools were down on last week. In Australia, the market indicator was up 1.3% compared with last Wednesday. The rand, tracking the euro, was 0.8% weaker against the US dollar compared with last week, trading at R6,96. It was also 0.8% weaker against the euro at R9,61.

The offering comprised 8 538 bales of which 96% was sold. Major buyers were Standard Wool SA (3 038 bales), Modiano SA (1 540 bales), Lempriere (1 509 bales), and Stucken (1 333 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns rose 1.5% to R74,73/kg; 19,5 microns gained 0.8% to close at R70,04/kg; 20 microns were 1.2% cheaper at R65,48/kg; 20,5 microns dropped by 1.6% to R64,15/kg; 21 microns were down 1.9% to R62,86/kg; 21.5 microns were 1.9% softer at R62,45/kg and 22 microns were 1.2% cheaper at R61,54/kg.

Approximately 10 000 bales will be offered at next week's sale.

Cape Wool

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Nuno Venda
ROQ

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

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Eamonn Tighe
Nature Works LLC

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Pranav Mishra
Huemn

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

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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