Home / Knowledge / News / Textiles / Another hike in wool prices - Cape Wools
Another hike in wool prices - Cape Wools
Jan '11
Wool prices posted another huge increase at this week's sale and Cape Wools' Merino indicator gained 8.4% to close the day at R76.50/kg (clean wool).This is 32% higher than the opening level and up by almost 18% on the same sale last season.

The increase is in line with the Australian market where the indicator rose to its highest level in 18 years. Continued strong demand for fine and the better style wools, particularly from Europe, and supply concerns are the main driving forces.

The rand, at R6.86, was down 1% against the US dollar. It was also 4.5% weaker against the Euro at R9.23.

A total of 13 614 bales was offered of which 98% was sold.

Major buyers were Standard Wool SA (4 316 bales), Modiano SA (4 230 bales), Lempriere SA (2 151 bales) and Stucken (1 856 bales).

The finer wools (20 microns and finer) posted the largest increases with 19 microns (MF5) fetching over R100/kg on average.

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns gained 13.4% to R104.12/kg; 19.5 microns rose 12.7% to close at R94.06/kg; 20 microns were 7% dearer at R80.99/kg; 20,5 microns rose 8.5% to R76.97/kg; 21 microns strengthened by 8% to R75.29/kg; 21.5 microns were up 9.1% at R74.62/kg and 22 microns were 4.6% dearer at R70.01/kg.

Approximately 7 500 bales will be offered at next week's sale.

Cape Wools SA

Must ReadView All

Textiles | On 22nd Jun 2017

Zund unveils cradle feeder roll-feed system for fabrics

Zund Systemtechnik AG, Switzerland’s textile machinery firm that...

Textiles | On 22nd Jun 2017

Hpfabrics opening production facility in Forsyth County

Hpfabrics, manufacturer of raw fabrics, is opening a new production...

Courtesy: Napapijri

Apparel/Garments | On 22nd Jun 2017

Napapijri's Superlight Parka is free of fur and down

Napapijri has introduced the new Superlight Parka, a new lightweight...

Interviews View All

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Hannah Lane

Encouragement from brands will motivate supply chains to become more...

Steve Cole
Xerium Technologies

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

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

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...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Ritu Kumar
Label Ritu Kumar

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

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


news category

Related Categories:
June 2017

June 2017

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


Browse Our Archives


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