Home / Knowledge / News / Textiles / Wool prices rise at last sale before Xmas recess
Wool prices rise at last sale before Xmas recess
Dec '10
The final sale before the Christmas recess brought early Christmas cheer to producers when the market recouped some of its recent losses and Cape Wools Merino indicator gained 3.7% to close at R63.07/kg (clean).

This increase is attributed largely to improved demand at early processing level, which was also evident in the higher sales percentage when 94% of the 11 383 bales offered was sold, compared with only 88% sold last week.

The rand, at R6.90, was 1.7% up against the US dollar. It also app reciated by a marginal 0.4% against the Euro to R9.13.

Major buyers were Standard Wool SA (4 370 bales), Modiano SA (3 38 3 bales), and Stucken (1 516 bales).

Medium wools (21 to 22 microns) posted the largest increases of between 4% and almost 7%.

Average prices for good top -making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns dropped 4.6% to R84.49/kg; 19.5 microns gained 1.9% to close at R72.89/kg; 20 microns were 4.6% dearer at R66.60/kg; 20.5 microns rose 4.1% to R64.36/kg; 21 microns strengthened by 4.4% to R63.86/ kg; 21.5 microns were up 6.8% at R63.05/kg and 22 microns were 5.9% dearer at R61.45/kg.

The first sale after the Christmas recess has been scheduled for 1 2 January 2011.

Cape Wools SA

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Sunil Rathore
Lacoste India

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

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Sugandha Bhardwaj

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

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Suresh Patel
Sidwin Fabric

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

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Sanjukta Dutta
Sanjukta's Studio

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

Bani Batra

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

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


Letter To Editor

(Max. 8000 char.)

Search Companies


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