Home / Knowledge / News / Textiles / Wool market weakens
Wool market weakens
10
Mar '11
Wool prices were down at this week's sale and Cape Wools Merino indicator was down 4.6% on the previous sale a fortnight ago to close at R81.97/kg (clean). This is in contrast with price movements in Australia where the indicator has now increased by over 4% over the past two weeks to a fresh high.

Competition for quality long wools nevertheless was good and a price of R115/kg (greasy) was obtained for a bale of 15.2 microns offered by P.D. Jacobs from Trompsburg. This is slightly lower than the seasonal high of R118.80/kg paid on 9 February for a bale of 16.2 microns.

The sales percentage was lower than usual and only 86% of the 10 520 bales offered was sold.

The stronger rand also did not favour the market. The rand, at R6.86, had appreciated by 3.1% against the US dollar compared with the rate at the previous sale, while it was up 2% against the euro at R9.52.

Major buyers were Modiano SA (2 737 bales), Stucken & Co (2 223 bales), Lempriere SA (1 577 bales), and Standard Wool SA (1 464 bales).

Average prices for good top-making (MF5), sound, long fleeces (less than 1% seed content) were as follows: 19.5 microns dropped by 3.7% to R108.98/kg; 19.5 microns were 2.8% cheaper at R96.53/kg; 20 microns were down 6.6% R84.99/kg; 20.5 microns fell by 6.5% to R81.78/kg; 21 microns were 5.1% cheaper at R81.17/kg; 21.5 microns were down 2% at R81.09/kg and 22 microns dropped 1.3% to R82.51/kg.

Approximately 9 500 bales will be offered at next week's sale.

Cape Wools SA


Must ReadView All

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Certification for Philippine garment firms availing GSP

Textiles | On 20th Jun 2018

Certification for Philippine garment firms availing GSP

The Philippines has adopted rules on securing certificate of...

Interviews View All

Neel Sawhney
One Friday

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

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Top executives
Textile industry

It will take some time for the people to change their buying choices

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Johan Berlin
InvestKonsult Sweden AB

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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

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