Home / Knowledge / News / Textiles / Wool prices at a fresh high
Wool prices at a fresh high
27
Jan '11
Wool prices rose for a third week in a row and Cape Wools' Merino indicator gained 2.1% to close at a fresh high of R78.13/kg (clean wool). This means that the indicator has gained 35% since the opening sale of the season in August last year.

The market currently is being driven by strong demand and supply concerns.

A weaker currency provided further support to the market. The rand, at R7.02, was down 2.4% against the US dollar compared with the previous week. It was also 4.2% weaker against the euro at R9.62.

This week's sale saw a much smaller offering than the previous two weeks with 8 690 bales on offer of which 94.5% was sold.

Major buyers were Standard Wool SA (3 937 bales), Modiano SA (2 061 bales), and Stucken (903 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 20 microns were 0.6% dearer at R81.49/kg; 21 microns strengthened by 1% to R76.04/kg; and 22 microns were 3.1% dearer at R75.47/kg.

Approximately 6 500 bales will be offered at next week's sale.

Cape Wools SA

Must ReadView All

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Textiles | On 9th Dec 2016

‘Less demand may make it hard to achieve export target’

The $48 billion target for textiles and garment exports for 2016-17...

Textiles | On 9th Dec 2016

GST Council may decrease tax rates in future: CBEC

The goods and services tax (GST) Council might reduce the proposed...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Suresh Patel
Sidwin Fabric

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

Eric Scholler
Groz-Beckert

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Igor Chapurin
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 ...

Rupa Sood and Sharan Apparao
Nayaab

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

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search