Home / Knowledge / News / Textiles / Wool market continue its upward trend
Wool market continue its upward trend
Feb '11
Wool prices continued their upward trend at this week sale and Cape Wools' Merino indicator gained 28% on the previous sale a fortnight ago to close at R85,89/kg (clean).

This means that the indicator has risen by 36% since mid December when the market closed for the Christmas recess. In Australia, the indicator has also reached a fresh high. Strong demand and supply concerns continue to drive prices.

Wool receipts into brokers' stores to date stand at 35,2 million kg, which is almost 4% less than for the corresponding period last season.

The rand, at R7,08, had appreciated by 1.1% against the US dollar compared with the rates at the previous sale, while it was up 0.5% against the euro at R9,71.

A total of 10 787 bales was offered which 98% was sold.

Major buyers were Standard Wool SA (4 124 bales), Modiano SA (2 283 bales), Stucken & Co (1 989 bales), and Lempriere SA (1 309 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19,5 microns were unchanged at R99,35/kg; 20 microns were 3.7% dearer at R90,96/kg; 20,5 microns rose 2.7% to R87,43/kg; 21 microns strengthened by 3.2% to R85,56/kg; 21,5 microns were up 1.7% at R82,71/kg and 22 microns were 3.8% dearer at R83,61/kg.

Approximately 11 000 bales will be offered at next week's sale.


Must ReadView All

Apparel/Garments | On 26th Oct 2016

SGS develops 4C chemical management model for apparel

SGS, a leading inspection, auditing, certification, testing, and...

Textiles | On 26th Oct 2016

Platinum Equity acquires International Textile Group

International Textile Group (ITG) has been acquired by Platinum...

Textiles | On 26th Oct 2016

Whitehouse & URI Business Centre start RI textile network

Senator Sheldon Whitehouse and the University of Rhode Island...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh Patel
Sidwin Fabric

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

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

Igor Chapurin

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

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing 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

October 2016

October 2016

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


Browse Our Archives


Advanced Search