Home / Knowledge / News / Textiles / Strong demand for wool continues to drive prices
Strong demand for wool continues to drive prices
10
Feb '11
The wool market saw another hike in prices at this week's sale and Cape Wool's Merino indicator gained 4.1% to close the week at a fresh high of R83.58/kg (clean).

This is 44.6% higher than at the opening sale and represents an 18% increase since the first sale in January this year. The Australian market has also improved since last week.

Strong demand for wool and small offerings continue to drive prices. There was keen demand for fine fleeces (19 microns and finer) and prices for these types posted the largest increases.

A seasonal high of R118.80 (greasy) was paid for a bale ML280 of 16.2 microns offered by Mr. P.W.B. Uys from Wakkerstroom, Mpumalanga.

The rand, at R7.16, was 1.3% down against the US dollar compared with last week's rates, while it was virtually unchanged against the euro at R9.76.

This week's offering comprised 6 973 bales of which 97% was sold.

Major buyers were Standard Wool SA (2 317 bales), Modiano SA (1 877 bales), and Lempriere SA (1 151 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19 microns increased by 9.8% to R116.47/kg; 19.5 microns were unchanged at R99.69/kg; 20 microns were 3.3% dearer at R87.68/kg;

20.5 microns rose 4.9% to R85.14/kg; 21 microns strengthened by 5.8% to R82.88/kg; 21.5 microns were up 4.1% at R81.36/kg and 22 microns were 0.4% dearer at R80.57/kg.

Approximately 10 500 bales will be sold at next week's sale.

Cape Wools SA


Must ReadView All

Serbian economy minister Goran Knezevic (left) and Taypa president Mesut Toprak after signing the MoU. Courtesy: Serbian Government/SeeNews

Textiles | On 20th Oct 2017

Turkish group Taypa to build textile factory in Serbia

Turkish textile group Taypa will invest euro 35 million ($41.2...

China’s textile & apparel exports rise 4.3% in Sept ’17

Textiles | On 20th Oct 2017

China’s textile & apparel exports rise 4.3% in Sept ’17

Registering an increase of 4.3 per cent year-on-year, the exports of...

Courtesy: Messe Frankfurt

Textiles | On 20th Oct 2017

Heimtextil to focus on textile solutions for architects

Heimtextil 2018, world's leading trade fair for home and contract...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Headhonchos
Indian fashion industry

Organic the first choice of any environment-conscious person

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Ashok Desai
Bombay Textile Research Association

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

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.9%
No
13.2%
Skip
8.8%

Total Votes: 68

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.8%
No
27.9%
Skip
10.3%

Total Votes: 68

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.3%
No
10.3%
Skip
4.4%

Total Votes: 68

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.0%
No
11.8%
Skip
13.2%

Total Votes: 68


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