Home / Knowledge / News / Textiles / Wool prices soar to fresh seasonal high
Wool prices soar to fresh seasonal high
04
Nov '10
Wool prices surged at this week's sale on the back of strong demand and Cape Wools' Merino indicator gained 3.9% to close the day at a fresh seasonal high of R65.02/kg (clean).

This is in line with Australia where the market also reached a seasonal high and closed 4% above last season's highest level. Indications are that Europe's wool textile pipeline is still being replenished, with wool tops reportedly in short supply.

The rand, at R6.84, was up 1.7% against the US dollar, while the euro, at R9.59, was unchanged compared with last week's rates.

The offering comprised 9 960 bales of which 99% was sold. Major buyers were Standard Wool SA (3 499 bales), Modiano SA (2 801 bales), Lempriere (1 510 bales), and Stucken (1 272 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 20.5 microns gained 4.4% to R66.99/kg; 21 microns were up 4.5% to R65.68/kg; 21,5 microns were 3.2% dearer at R64.42/kg and 22 microns rose 3.5% to R63.67/kg.

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

Cape Wools SA


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Top executives
Textile industry

It will take some time for the people to change their buying choices

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

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

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Wendell Rodricks
Wendell Rodricks

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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